Listed by RE/MAX
$2,775,000
210 MAIN ST W ASHLAND WI 54806
Details
APN 201-01657-0000
Property Type Multifamily, Mixed Use
Sub Type Apartment Building
Square Footage 35,078
Units 1
Cap Rate 9.27%
NOI $257,335
Occupancy 91%
Tenancy Multi
Pro-Forma Cap Rate 9.27%
Pro-Forma NOI $257,335
Price per SqFt $79
Class C
Year Built 1959
Buildings 1
Stories 3
Acreage 0.480
Zoning Commercial
Parking Spaces 14 spaces
Parking per 1,000 SqFt 0.40
Investment Type Stabilized
Ground Lease No
Large Multi-Family Portfolio for Sale - Ashland - WI
Marketing description
Large mixed-use investment opportunity in the heart of downtown Ashland. This impressive 37-unit property features 5 commercial storefront spaces on the main level along with 32 residential apartments above, offering a desirable mix of studio, 1-bedroom, and 2-bedroom units. All residential units feature private bathrooms with no shared facilities. Coin-operated laundry facilities are located on each floor, creating additional income potential. Major exterior improvements include newer windows completed within the last 10 years. A rare opportunity to own a high-unit-count income-producing asset. Willing to sell individually or as a package with 410 Main Street, Ashland, WI.
Listing Contacts
Listed by RE/MAX
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$257,335.00
$21,444.58/mo
Valuation Metrics
0
DSCR
9.27%
Cap Rate
9.27%
ROI
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