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1-3 Mechanic Street, Edgerton, WI 53534

MF
WI 88570-94
Ferraro Real Estate Team
JF
52802-90
Century 21 Affiliated
Listed by Ferraro Real Estate Team, Century 21 Affiliated
$399,900
4 days on market
Updated 2 days ago

1-3 Mechanic Street

Details
APN 221 007005
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 2
NOI $36,000
Year Built 1958
Acreage 0.110
Zoning B-2
Parking Spaces 4 spaces

Multifamily | 2 Units

Marketing description

1500 square feet of living space in each unit! Commercial zoned, offering a great opportunity to owner-occupy, rent both units, or bring a business to the lower level. This well-cared-for duplex sits in the heart of Edgerton. The lower unit has been completely remodeled with new flooring, a fully gutted and updated bathroom, modern light fixtures, and fresh interior paint. Both units offer three spacious bedrooms, beautiful hardwood floors, updated bathrooms, and large eat-in kitchens. All utilities are on separate meters. Gutters and fascia were replaced in 2016, and laundry is located in the basement. With room for rent growth in both units and a long-term tenant in the upper, this is a prime investment or owner-occupant opportunity in a highly desirable location!
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Listing Contacts

MF
WI 88570-94
Ferraro Real Estate Team
JF
52802-90
Century 21 Affiliated
Listed by Ferraro Real Estate Team, Century 21 Affiliated

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$36,000.00
$3,000.00/mo

Valuation Metrics

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DSCR
9%
Cap Rate
9%
ROI

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