BABB REAL ESTATE, LLC.
NAME: Stalsberg ADDRESS: 202 East Diagonal St. Mt. Sterling WI. LOT SIZE: 100x100 Crawford County, WI. Corner of Hwy. 171 & Hwy. 27 GENERAL DESCRIPTION: Five unit apartment building. There are four units with 1 bedroom and one unit with 2 bedrooms. One bath in each unit. Each tenant pays the electric bill which includes heat (electric) and their own hot water heater. Landlord pays the water/sewer which is around $225/mth. There is a coin operated washer/dryer that are included in the sale along with a range & ref in each unit. This place could use a little work as the landlord has not had the time to take care of some of this stuff. They are in the process of doing so right now. New roof 10 years ago, nice corner lot, excellent access, decent return on your investment, stay in one unit and let the others pay your mortgage and provide you with extra income. The 1 bedrooms rent for $295 each per month and the 2 bedroom rents for $400 per month, so total rental income is $1580/mth. Taxes run $3100/year. Bottom line is $12,160/year positive income, pretty good return on your investment showing 12% can’t get that anywhere that I know of these days. Plus the tax benefits (some renters pay cash, the normal write off’s associated with rental property and social security is not affected by rental income, could be a long term investment/income building here. Come take a look and park some $ with a real good return. Priced to sell at $109,000
104 Cedar St/Hwy. 131 GAYS MILLS, WI. 54631
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