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401 S Iowa Street Dodgeville, WI 53533 Multi Unit - Multiple Active

  • 401 S Iowa Street, Dodgeville, WI 53533 Main Photo

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Description

Classic Second Empire-style 6-unit investment property offering character and excellent income potential. The unfinished third story presents an opportunity to create additional living space for rental income (subject to buyer verification and local approvals). Coin-operated laundry in the basement provides additional revenue. Two units have recently been refreshed and are vacant, giving the new owner an opportunity to set market rents. The majority of the roof has been replaced. All current tenants are on month-to-month leases, allowing flexibility for future plans. Parcel 216-0116 is not included in the sale; however, the purchaser will have the first opportunity to buy that parcel should it become available in the future.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

County: Iowa
High School: Dodgeville
Subdivision: Burrall's Addition
Listed By:
Potterton Rule Real Estate LLC Off: 608-935-2396
SCWMLS

Units

Unit 1:
Bedrooms: 2
Full Baths: 1
Parking Description: 1 Space
Unit 2:
Bedrooms: 2
Full Baths: 1
Parking Description: 1 Space
Unit 3:
Bedrooms: 1
Full Baths: 1
Parking Description: 1 Space
Unit 4:
Bedrooms: 1
Full Baths: 1
$525,000
Est. $3,504/mo

Listing Courtesy of: Potterton Rule Real Estate LLC
Agency Contact: Off: 608-935-2396
IDX logo


Active
BEDS0 BATHS MLS#2029259
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONBurrall's Addition SCHOOLDodgeville

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Ruhl&Ruhl Realtors

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401 S Iowa Street, Dodgeville, WI 53533.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $525,000$525,000$525,000
Down Payment $105,000$18,375$131,250
Monthly Mortgage Amount $2,620$3,216$3,270
Taxes $731$731$731
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$231$0
Monthly Estimated Total $3,504$4,331$4,154

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