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614 5TH AVENUE | 22202725 | First Weber REALTORS
Listing provided courtesy of JONES REAL ESTATE GROUP - MLS#22202725MLS Provider

614 5TH AVENUE

Antigo, WI 54409
Multi-Family · 0.46 Acres

$695,000 Pending-No Show

Overview

Time on Site:
284 days
Visits:
4

FANTASTIC INVESTMENT PROPERTY OVER 9% CAP RATE, Financial details available in associated documents, rent roll in excel tab. 8 Apartments (2bd, 1bth) and four commercial spaces all leased. Landlord pays 30% of common area utilities, all others are billed back to tenants. Gross Income Scheduled $91,320 with expenses $27,338 provides an estimated scheduled Net Operating Income of $63,982. That puts this property slightly above a 9% cap rate and it's 100% occupied and stabilized. This truly is a value for a seasoned or beginner investor.

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Facts & Features

  • Type Multi-Family
  • Lot 0.46 Acres

General

Listing Information
  • Sale/Rent: For Sale
Building Information
  • Year Built: 1900
Location/Region
  • County Or Parish: Langlade County
  • MLS Area Major: Other
Tax Information
  • Tax Year: 2021
  • Tax Annual Amount: $4,821.00
General Information
  • Age: 122
  • Property Type: Multi-Family
  • Property Sub Type: Complex

Interior

Building Information
  • Utilities-Heat Included: Y
  • Utilities- Water Included: Y
  • Utilities - Elec Included: Y
Parking Information
  • Garage Spaces: None
General Information
  • Basement Y/N: Yes
Unit Information
  • Unit 2 Bedroom: 2
  • Unit 2 Bath: 1
  • Unit 3 Bedroom: 2
  • Unit 3 Bath: 1
  • Unit 4 Bedroom: 2
  • Unit 4 Bath: 1
  • Unit 5 Bedroom: 2
  • Unit 5 Bath: 1
  • Unit 6 Bedroom: 2
  • Unit 6 Bath: 1
  • Unit 7 Bedroom: 2
  • Unit 7 Bath: 1
  • Unit 8 Bedroom: 2

Exterior

Lot Information
  • Lot Size: .460
  • Lot Size Acres: .460
Waterfront/View
  • Waterfront Y/N: No
Building Exterior/Construction
  • Architectural Style: 2 Story
General Information
  • Sewer: Pb Sewer/Pb Water
  • Pasture Acres: 1
  • Number Of Units Total: 12

Neighborhood

Community

54409 (Antigo) Demographics
46
Median Age
61
Population Density (per sq. mile)
28%
College Educated
$51,370
Estimated Median Income
4,245
Estimated Total Home Owners
1,471
Estimated Total Renters
74% / 26%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

Elementary Schools
1
Public
Antigo Middle
  • Grades: 4 - 7
  • Enrollment: 552
1
Public
East Elementary
  • Grades: PK - 3
  • Enrollment: 215
1
Public
North Elementary
  • Grades: PK - 3
  • Enrollment: 235
Middle Schools
1
Public
Antigo High
  • Grades: 8 - 12 /
  • Enrollment: 904
1
Public
Antigo Middle
  • Grades: 4 - 7 /
  • Enrollment: 552
High Schools
1
Public
Antigo High
  • Grades: 8 - 12 /
  • Enrollment: 904
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

Monthly Cost

$
$ %
%
$
$
**Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Market Data

Based on the last 30 days in this zip code

$202,731
Median Sales Price
$542
Median Price per Square Foot
0
Properties Sold
16
New on Market
66
Average Days on Market
35
Properties for Sale
Calculations provided by Reliance Network

History

Date Event Value
10/21/2022Source: Central WI MLS Status Change
Active
10/17/2022Source: Central WI MLS Price Reduction
$775,000 -10.3%
8/4/2022Source: Central WI MLS Added to Database