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Sold over 4 years ago

$149,900

8+ bd 4+ ba 0 sqft

230 Church St, Algoma, WI 54201

Residential Quadplex Off MLS

Current Rent **

N/A

Projected Rent **

$4,600

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent:
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: Yes
Unit 2 Details
  • Current Rent:
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: Yes
Unit 3 Details
  • Current Rent:
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: Yes
Unit 4 Details
  • Current Rent:
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: Yes

4, 6 or 8 Unit Multi-Family!

We have a property under contract in Algoma, WI. Two-Story Multi family with floor plan not laid out. Possible to have 8-12 bedrooms and 4-8 bathrooms (depending on floor plan design). Total 5,000-6,000 sqft. Full basement and 1.5 stall attached Garage

Updates/Inclusions:
- All Brick Exterior
- Some New Vinyl Windows
- 16 Car Parking Lot
- Fully Fenced Back Yard
- Boiler Replaced In 2015 Per Seller
- Large Back Deck & Flat Balcony Above Garage
- 6 Panel Interior Doors Throughout
- 2 Staircases In Unit Leading To Second Level & Basement
- Sprinkler System On Both Levels
- Currently Structured As SF On Lower Level
- First Floor Has In-Floor Heating
- Bathroom Plumbing For 4+ Units On Second Level
- Utility Room & Bathroom In Basement
- Laundry Hookups In Basement
- Storage Lockers In Attic

Rents:
- Currently Owner Occupied
- Ruesch Management Rental Analysis Reports $788-1,150 (1, 2 or 3 Bedroom Units) Per Month In Rent!
Short Term Rental Potential:
- AirDNA Rentalizer Reports $104k - $204k in Annual Revenue (depending on unit configuration)!

Location:

230 Church St, Algoma, WI 54201

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.