GOLDEN PROPERTY HOLDINGS IS OFFERING ITS NEWLY RENOVATED MIXED-USE COMMERCIAL BUILDING UP FOR SALE! THE MAIN FLOOR HAS FOUR RETAIL OR OFFICE SPACES FULLY RENTED AND LOWER LEVEL HAS THREE WELL APPOINTED APARTMENTS. TWO OF THE APARTMENTS HAVE INDUSTRIAL LOOKING POLISHED CONCRETE FLOORS. NEWER KITCHENS AND BATHS IN THE UNITS. UPPER FLOOR HAS A NEWER FURNACE AND AIR CONDITIONER ROOF TOP UNIT. PLENTY OF OFF STREET PARKING FOR TENANTS AND CUSTOMERS. A NEW INVESTOR HAS ROOM TO CONTINUE TO INCREASE RENTS IN A NON-RENT CONTROLLED CITY BY OVER 15% WITH UPCOMING LEASE RENEWALS. LOCATED IN HAMMOND, WI WHICH IS ONLY 40 MINUTES FROM THE TWIN CITIES AND IN A GROWING COMMUNITY! IN PLACE CAP RATE 6.02%
- Price:
- $525,000
- Bedrooms:
- 4
- Square Footage:
- 6,000
- Year Built:
- 1900
- Listing ID #:
- NST6324773
- Street Address:
- 815 Davis St
- City:
- Hammond
- State:
- Wisconsin
- Postal Code:
- 54015
- County:
- St. Croix
- Listing Status:
- Active
- Listing Type:
- Commercial Sale
School District: 2422
- Basement Description:
- Block, Egress Window(s), Finished, Concrete, Stone/Rock, Walkout
- Has Basement:
- Yes
- Number Of Units:
- 7
- Stories:
- Two
- Total Building Square Footage:
- 6000
- Type Of Roof:
- Age Over 8 Years, Asphalt
- Year Built:
- 1900
- Annual Electric Expenses:
- 7670
- Annual Insurance Expenses:
- 3500
- Annual Maintenance Expenses:
- 2500
- Annual Trash Expenses:
- 1426
- Annual Water/Sewer Expenses:
- 3035
- Gross Income:
- 58574
- Net Operating Income:
- 31649
- Operating Expense:
- 25753
- Existing Land Use:
- Beauty/Barber Shop, Commercial, Office, Residential, Retail
- Lot Features:
- Corner Lot
- Lot Measurement Type:
- Acres
- Road Frontage Type:
- City Street, Highway
- Topography:
- Level
- Zoning Description:
- Business/Commercial, Residential-Multi-Family
- Days On Market:
- 133
- Included In Sale:
- Building, Land, Leases
- Originating Mls:
- Northstar
- Owner Pays:
- Electricity, Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection, Water
- Property Taxes:
- $5,322
- Tax Year:
- 2023
- Tenant Pays:
- Electricity
- Parking Description:
- Parking Lot
- Appliances:
- Range, Refrigerator
- Cooling System:
- Central Air
- Existing Water:
- City Water/Connected
- Heating:
- Baseboard, Outdoor Furnace
- Sewage Type:
- City Sewer/Connected
- Utilities:
- Electric Separate, Heating Common, Hot Water Common
- Unit 1 Monthly Rent:
- 573
- Unit 2 Monthly Rent:
- 585
- Unit 3 Monthly Rent:
- 450
- Unit 4 Monthly Rent:
- 777
- Unit 5 Monthly Rent:
- 800
- Unit 5 Square Footage:
- 750
- Unit 5 Total Bathrooms:
- 1
- Unit 5 Total Bedrooms:
- 1
- Unit 6 Monthly Rent:
- 775
- Unit 6 Square Footage:
- 750
- Unit 6 Total Bathrooms:
- 1
- Unit 6 Total Bedrooms:
- 1
- Unit 7 Square Footage:
- 900
- Unit 7 Total Bathrooms:
- 1
- Unit 7 Total Bedrooms:
- 2
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By Apartment Cash Flow
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