Fantastic value-add opportunity to own this turnkey 16-unit with 16 garages. Incredibly well-kept and managed properties. (5) 1BR units, (9) 2BR units, (2) 3BR units, 16 garages rented at $65/garage. 6 coin-op washers and dryers. Four of the 2BRs have private laundry rooms. New roofs on building and garages. Seller expenses low due to self-managing. Assuming normal expenses and increasing to market rents, property nearly an 8 cap! Market rents show $18,430/mo. Seller financing/Owner financing on 1022 Grandview also available! With full-price offer for 1021 Grandview seller would also lease-option 16-unit at 1022 Grandview(8 garages) at an option price of $1,675,000, $100,000 option fee and interest-only for 24 months. Market rents show $16,500/mo. Seller will manage for 6 months.
Closed
$1,797,625
1021 Grandview AVENUE, Tomah, WI 54660
--beds
--baths
--sqft
Multi Family, Apartment
Built in 2005
-- sqft lot
$1,845,400 Zestimate®
$--/sqft
$1,322 Estimated rent
Home value
$1,845,400
Estimated sales range
Not available
$1,322/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: March 26, 2025 at 09:49am
Listed by:
Spenser Nickelatti,
eXp Realty LLC
Bought with:
Spenser Nickelatti
Source: WIREX MLS,MLS#: 1894653
Originating MLS: Metro MLS
Originating MLS: Metro MLSFacts & features
Interior
Heating
- Electric
Cooling
- Wall/Sleeve Air
Appliances
- Included: Dryer, Washer, Seller Owned: Water Heater
Features
- Basement: None / Slab
- Has fireplace: No
Property
Parking
- Parking features: Indoor Space, Extra Space Available, Outdoor Space, Inside Parking, Outside
- Has garage: Yes
Features
- Waterfront features: Pond
Lot
- Size: 1.10 Acres
Details
- Parcel number: 286027031000
- Zoning: COMM
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Vinyl Siding
Condition
- 11-20 Years
- New construction: No
- Year built: 2005
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Tomah
- Municipality: Tomah
Price history
| Date | Event | Price |
|---|---|---|
| 3/26/2025 | Sold | $1,797,625-1.5% |
Source:  WIREX MLS #1894653 | ||
| 2/24/2025 | Pending sale | $1,825,000 |
Source: WIREX MLS #1894653 | ||
| 1/2/2025 | Price change | $1,825,000-47.9% |
Source: WIREX MLS #1894653 | ||
| 12/3/2024 | Price change | $3,500,000-5.4% |
Source: WIREX MLS #1894653 | ||
| 10/4/2024 | Listed for sale | $3,700,000 |
Source: WIREX MLS #1894653 | ||
Public tax history
Tax history is unavailable.
Find assessor info on the county website
Neighborhood: 54660
Nearby schools
GreatSchools rating
- 3/10Lemonweir Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 4/10Tomah Middle SchoolGrades: 6-8Distance: 1.4 mi
- 3/10Tomah High SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- Middle: Tomah
- High: Tomah
- District: Tomah Area
Source: WIREX MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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