Cumberland 10 Plex

$395,000

1410 4th Avenue
Cumberland, WI 54825

Multi-plex built in 1965

(8)2 Bedroom Units

(2)1 Bedroom Units

Great Rental History

Coin Laundry Available

Take advantage of sellers desire to liquidate some of his holdings. This 10 Unit Apartment Building offers 8 two bedroom 1 bath units and 2 one bedroom 1 bath units. Units # 9 & 10 rent for $550 month each. 2015 Effective Gross Income $49,739, Net Operating Expenses $27,004 Resulting in a Net Operating Income of $22,735.

Listing Information

MLS#: 896756

Status: Active

Lot Size: 75 x 200

Barron County

School District: Cumberland

Area: 36 - Cumberland Schl Dist

Listed By: Feather Real Estate Group from Real Estate Solutions

Interior Features

Basement: Full, Partially Finished

Cooling: Wall Unit

Electric: Circuit Breaker

Foundation: Block

Fuel Source: Natural Gas

Heating: Hot Water

Water Heater: Natural Gas


Exterior Features

Driveway: Asphalt

Out Buildings: None

Patio/Deck: None

Water Service: City-Water

Sewer Service: City Sewer


Includes

Dryer, Oven/Range, Refrigerator, Washer, Window Coverings

Directions

Main Street to west on Grove.

Property Units

UNIT #1:
1 Bed, 1/0 Bath, $475.00/month

UNIT #2:
1 Bed, 1/0 Bath, $465.00/month

UNIT #3:
2 Bed, 1/0 Bath, $500.00/month

UNIT #4:
2 Bed, 1/0 Bath, $525.00/month

UNIT #5:
2 Bed, 1/0 Bath, $525.00/month

UNIT #6:
2 Bed, 1/0 Bath, $525.00/month

UNIT #7:
2 Bed, 1/0 Bath, $500.00/month

UNIT #8:
2 Bed, 1/0 Bath, $550.00/month

 

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