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    228 N Main St

    Cottage Grove, WI 53527
    • $600,000
    • STATUS: Active
    • ON SITE: 18 days
    • ID#: 1907618
    Price Reduced
    UPDATED: 26 min ago
    $600,000
    • 0
      BEDS
    • 1.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1920
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing courtesy of Realty Executives Cooper Spransy

    Description

    Fantastic excellently maintained investment property with extra buildable land offers a unique opportunity not only for investors, but also for developers and/or builders. This +1 acre is located in prime location in Cottage Grove, close to Drumlin Trails Head, downtown businesses, restaurants and elementary schools. There is ample space to build on the land and increase income. The rents also have stayed low for many years and do not reflect the potential income when adjusted. The assessment does not reflect the updates done to the property over the years. All mechanicals are 8 years old, windows on lower levels are 4 years old. Lower level unit completely remodeled 4 years ago. New roof 8 years ago. Easy to maintain, ready to go.

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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 Nicole Charles & Associates, Inc. | eXp Realty. Data last updated: 2021-05-16T13:41:31.883.
    www.nicolecharles.com/homes/116523746
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    228 N Main St Cottage Grove, WI 53527

    • Price: $600,000
    • Status: Active
    • Updated: 26 min ago
    • ID#: 1907618
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.3
    Acres
    1920
    Built
    Neighborhood:
    Cottage Grove - V
    County:
    Dane
    Area:
    Cottage Grove - V
    Elementary School:
    Cottage Grove
    Middle School:
    Glacial Drumlin
    High School:
    Monona Grove
    School District:
    Monona Grove
    Property Description
    Fantastic excellently maintained investment property with extra buildable land offers a unique opportunity not only for investors, but also for developers and/or builders. This +1 acre is located in prime location in Cottage Grove, close to Drumlin Trails Head, downtown businesses, restaurants and elementary schools. There is ample space to build on the land and increase income. The rents also have stayed low for many years and do not reflect the potential income when adjusted. The assessment does not reflect the updates done to the property over the years. All mechanicals are 8 years old, windows on lower levels are 4 years old. Lower level unit completely remodeled 4 years ago. New roof 8 years ago. Easy to maintain, ready to go.
    Exterior Features

    Exterior Other Type Apartment Building2 Story Unit1 Parking 1 Car Garage Unit2 Parking 1 Car Garage Unit3 Parking 1 Car Garage Unit4 Parking 1 Car Garage

    Interior Features

    Basement FullFull Size Windows/ExposedWalkout To YardPartially Finished Clothes Dryers 1 Clothes Washers 1 Dish Washers 0 Heating Type Radiant Number Of Efficiencies 0 Number Of One Bedrooms 2 Number Of Three Plus Beds 0 Number Of Two Bedrooms 3 Refrigerators 5 Stoves 5 Unit1 Bedrooms 2 Unit1 Full Baths 1 Unit1 Half Baths 0 Unit1 Kitchen Dim 0X0 Unit1 Living Great Room Dim 0X0 Unit1 Master Bedroom Dim 0X0 Unit1 Sq Ft 850 Unit2 Bedrooms 2 Unit2 Full Baths 1 Unit2 Half Baths 0 Unit2 Sq Ft 1120 Unit3 Bedrooms 1 Unit3 Full Baths 1 Unit3 Half Baths 0 Unit3 Sq Ft 650 Unit4 Bedrooms 2 Unit4 Full Baths 1 Unit4 Half Baths 0 Unit4 Sq Ft 1120 Units With AC 4

    Property Features

    Association South Central Wi Barrier Free Level LotWidth Of Hallways 36"+ City Town Or Village Village County Quarter Dane Se Fuel Natural Gas Furnaces 1 Legal Documents Income/Exp Report AvailLease(S) On File Mailing City Cottage Grove Miscellaneous Shared LaundryInternet - Cable Net Operating Income 27951 Net Taxes 6108 Open House No Park Unit 1 Stall Garage1 SpaceOutside Source Acreage Assessor Tax Year 2020 Total Expenses 14608 Total Income 42560 Unit1 Rent 695 Unit2 Rent 785 Unit3 Rent 595 Unit4 Rent 800 Utilities Separate Elec Meters Water Heaters 1 Water Softeners 1 Water Waste Municipal SewerMunicipal Water Year Built Source Assessor Zoning R-4

    Listing information © 2021 South Central Wisconsin MLS.
    Listing provided courtesy of Realty Executives Cooper Spransy.



    © 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 Nicole Charles & Associates, Inc. | eXp Realty. Data last updated: 2021-05-16T13:41:31.883.
     
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    Nicole Charles & Associates, Inc. | eXp Realty
    2809 Fish Hatchery Road Suite 204-A
    Fitchburg WI, 53713
    Listing courtesy of Realty Executives Cooper Spransy