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706 Faryl Ave

Delavan, WI 53115
  • $675,000
  • STATUS: Active
  • ON SITE: 24 Days
  • ID#: 1923443
UPDATED: 50 min ago
$675,000
  • 0
    BEDS
  • 2.84
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1986
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing courtesy of Century 21 Affiliated Pfister

Description

2 16 unit apartment buildings in the city of Delavan. Tenants pay electric heat. Large 2.8 acred lot. Good investment property. Sixteen 1 bedroom units & sixteen 2 bedroom units. Room for garages. The 4 washers & 4 dryers are leased. Property is in USDA Rural Development Low Income Housing Program. Property is required to stay in this program until 5/7/2036. This program allows renting only to low income tenants. Rents are controlled, Profit is limited to $3,925/yr, must be professionally managed. Purchase: NO NEW LOAN can be taken upon this property. Buyer assumes the present mortgage (approx $100k bal.) and brings CASH to Closing equal to difference between PURCHASE PRICE and MTG BALANCE; eg, $575k. See Documents for details.

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© 2021 South Central Wisconsin MLS Corporation. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or HomeTeam4u | Stark Company Realtors. Data last updated: 2021-12-03T08:42:06.36.
www.hometeam4u.com/homes/123119197
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706 Faryl Ave Delavan, WI 53115

  • Price: $675,000
  • Status: Active
  • On Site: 24 Days
  • Updated: 50 min ago
  • ID#: 1923443
0
Beds
0
Baths
0
½ Baths
2.84
Acres
1986
Built
Neighborhood:
Lot 1 Csm 1439
County:
Walworth
Area:
Delavan - C
Elementary School:
Call School District
Middle School:
Call School District
High School:
Delavan-Darien
School District:
Delavan-Darien
Property Description
2 16 unit apartment buildings in the city of Delavan. Tenants pay electric heat. Large 2.8 acred lot. Good investment property. Sixteen 1 bedroom units & sixteen 2 bedroom units. Room for garages. The 4 washers & 4 dryers are leased. Property is in USDA Rural Development Low Income Housing Program. Property is required to stay in this program until 5/7/2036. This program allows renting only to low income tenants. Rents are controlled, Profit is limited to $3,925/yr, must be professionally managed. Purchase: NO NEW LOAN can be taken upon this property. Buyer assumes the present mortgage (approx $100k bal.) and brings CASH to Closing equal to difference between PURCHASE PRICE and MTG BALANCE; eg, $575k. See Documents for details.
Exterior Features

Exterior WoodBrick Type Apartment Building Unit1 Parking 2 Space Unit2 Parking 2 Space

Interior Features

Basement NonePoured Concrete Foundatn Clothes Dryers 0 Clothes Washers 0 Dish Washers 0 Heating Type Radiant Number Of Efficiencies 0 Number Of One Bedrooms 16 Number Of Three Plus Beds 0 Number Of Two Bedrooms 16 Refrigerators 32 Stoves 32 Unit1 Eat-In KitchenBalcony/PatioRange/OvenRefrigerator Unit1 Bedrooms 1 Unit1 Full Baths 1 Unit1 Half Baths 0 Unit1 Kitchen Dim 13X10 Unit1 Living Great Room Dim 13X16 Unit1 Master Bedroom Dim 12X11 Unit1 Sq Ft 650 Unit2 Eat-In KitchenBalcony/PatioRange/OvenRefrigerator Unit2 Bedroom2 Dim 9X13 Unit2 Bedrooms 2 Unit2 Full Baths 1 Unit2 Half Baths 0 Unit2 Kitchen Dim 9X13 Unit2 Living Great Room Dim 13X16 Unit2 Master Bedroom Dim 10X13 Unit2 Sq Ft 858 Units With AC 0

Property Features

Association South Central Wi Barrier Free Ramped Or Level EntranceFirst Floor BedroomFirst Floor Full BathLevel DriveLevel LotWidth Of Hallways 42"+ City Town Or Village City County Quarter Walworth Sw Fuel Electric Furnaces 0 Legal Documents Income/Exp Report Avail Mailing City Delavan Miscellaneous Shared Laundry Net Operating Income 37125 Net Taxes 10598 Open House No Park Unit 2 SpacesOutside Source Acreage Assessor Tax Year 2020 Total Expenses 192458 Total Income 229583 Unit1 Rent 570 Unit2 Rent 630 Utilities Separate Elec Meters Water Heaters 4 Water Softeners 0 Water Waste Municipal SewerMunicipal Water Year Built Source Seller Zoning Rm-12

Listing information © 2021 South Central Wisconsin MLS.
Listing provided courtesy of Century 21 Affiliated Pfister.



© 2021 South Central Wisconsin MLS Corporation. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or HomeTeam4u | Stark Company Realtors. Data last updated: 2021-12-03T08:42:06.36.
 
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Listing courtesy of Century 21 Affiliated Pfister