Beloit Wisconsin | Apartment Complex For Sale
Beloit, Wisconsin Apartment Complex For Sale
Sale Price: $899,000
Brochure – Click Here
- 16 Unit Apartment Complex For Sale
- 12 2 Bedroom Units, 4 1 Bedroom Units
- All electric heat, means reduced owner expenses
- Built in 1982, newer roof 4 years old
- 7.8% Cap Rate (call or email for income statement)
- 0% Vacancy at this time (may change of course)
- Longer term tenants, stable complex
Spec Sheet Information
Description: 16 Unit Apartment Complex
Address: Confidential at this time, call for details
Year built: 1982
Lot Size: 36,288 SF
Total Square Footage: 18,300
Heating System: All Electric
Appliances: All Electric
Zoned: Multi-Family
Gross Income: $108,672
Annual Expenses: $37,769
Net Operating Income: $70,930
Cap Rate: 7.8%
Vacancy Rate (at present): 0%
Above values assumes rent increases (ProForma)
Amenities
All units have enclosed Garage
On site laundry and meeting room
Low maintenance complex
On City transit route
Walking distance to downtown
Sewer: City of Beloit
Water: City of Beloit
Municipality: City of Beloit
Real Estate Taxes: $17,195 (2010)
Assessed Valuation: $643,700 (2010)
Possession: At Closing
Sale Price: $899,000
Within 500 miles of Beloit you find:
- 31 percent of the nation’ s population
- 30 percent of all U.S. business operations
- 30 percent of the nation’ s manufacturing companies
- 38 percent of all U.S. manufacturing volume
- 50 percent of the nation’ s top twenty metro manufacturing center
- Beloit is home to Frito Lay, Hormel, IPM Foods, Kettle Foods, Kerry Inc., Regal Beloit, ABC Supply and more.
