Tomahawk apartment buildings offer good cash flow for investor. Located adjacent to Bradley Park - Tenants enjoy easy access to one of Tomahawks lakefront amenities. Close enough to walk downtown as well. 2 separate buildings allow for conventional financing products available to Buyer. Two four-plexes, each unit is 880 square feet with 2 bedrooms, single bathroom, kitchen dining area and a living room. Each unit has either a deck or patio. Basement of each building offers tenant and owner storage space as well as "metered to unit" laundry hook ups. All 8 units metered individually. Seller states that occupancy has historically been 100% with move out/move it months as exceptions. Buildings have been maintained and upgraded with roofs in 2004 and 2010 - new windows about 15 years ago. Gravel drive and outdoor parking. Current rent per unit is $485/month and annual expenses in the $10,000+/- range. Seller has decided to move on after owning for 20+ years.
Off market
$573,900
604&602 Coolidge St S, Tomahawk, WI 54487
16beds
8baths
7,040sqft
MultiFamily
Built in ----
-- sqft lot
$573,900 Zestimate®
$82/sqft
$1,044 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 8
Appliances
- Included: Dryer, Range / Oven, Refrigerator, Washer
Interior area
- Total interior livable area: 7,040 sqft
Property
Features
- Exterior features: Stucco, Vinyl, Wood
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
Lot
- Size: 0.55 Acres
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Other
Community & neighborhood
Location
- Region: Tomahawk