126 South 3rd Street

Delavan, WI 53115

$551,000
Last Sold Price
8
Beds
6
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Amazing opportunity to own this fully rented brick 6 unit building with 6 garage parking spaces, located one block from downtown Delavan! This 5,736 appx sf. building includes (4) 1 bedroom, 1 bath units with hardwood flooring and balconies (3 units remodeled) and (2) two bedroom 1 bathroom units with fireplaces (one unit renovated with white shaker cabinets, new kitchen appliances and flooring). Each unit has central air, individually controlled gas furnace, electric range & refrigerator. The basement...Amazing opportunity to own this fully rented brick 6 unit building with 6 garage parking spaces, located one block from downtown Delavan! This 5,736 appx sf. building includes (4) 1 bedroom, 1 bath units with hardwood flooring and balconies (3 units remodeled) and (2) two bedroom 1 bathroom units with fireplaces (one unit renovated with white shaker cabinets, new kitchen appliances and flooring). Each unit has central air, individually controlled gas furnace, electric range & refrigerator. The basement has coin operated laundry, 7 tenant storage units & a large owner's storage room. Tenants pay gas & electric. Owner pays common area gas, electric, water & sewer. Newer: rear flat roof (rubber membrane) & water heater (2021), main roof (dimensional shingles) & garage roof (2014). Inclusions: refrigerators (6), electric ranges (6), furnaces (6), central air units (6), water heater, (1) coin operated washer (1) and dryer (1). Exclusions: Seller/tenant's personal property. Bushes/shrubs in front of property being removed.
  1. Listed by Mary Wallace • Coldwell Banker Realty

Property Details for 126 South 3rd Street

Area
WI-Delavan / Ft. Atkinson
Num Of Parking Spaces
6.0
Num of Interior Fireplaces
2
Zoning
MULTI

Location

Add your commute
LISTING UPDATED: 09/30/2022 11:55 AM

Property Details for 126 South 3rd Street

StatusClosed
MLS #11443529
Days on Market102
Taxes$6,882 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Exterior Entrance / Multi Family 5+
Year Built1962
Lot Size0.29 AC / 12,473 SF
CountyWalworth County

Location

Add your commute

Building Information for 126 South 3rd Street

Stories-Residences6Year Built1962Building Size-Lot Size0.29 AC / 12,473 SF

Payment Calculator

$3,581 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,007

Property Taxes

$574

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 126 South 3rd Street

General Information
Addtl Parking Information
  • Indoor Parking: 6-12 Spaces
Location and General Information
  • Information: None
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Individual
  • # Of Washers: 1
  • Basement Description: Storage Space
  • Heat/Ventilation: Individual Furnaces
  • # Of Refrigerators: 6
  • Misc Inside: Storage Inside,Laundry Room
  • # Of Dryers: 1
  • Num of Baths: 6.0
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Exterior Entrance
  • Lot Dimensions: 75.6X165
  • Stories: 2
  • # Of Ranges: 6
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2022-07-06T14:51:35
  • Photos Count: 18
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $462.00
  • Fuel Expense: $722.00
  • Gross Income: $53,700.00
  • Gross Scheduled Income: $53,700.00
  • Insurance Expense: $2,688.00
  • Maintenance Expense: $5,250.00
  • Total Annual Expense Source: Owner Projection
  • Janitor Expense: 0
  • Repairs-Decor Expense Source: Owner Projection
  • Total Monthly Income: 4475
  • Net Operating Income: $30,712.00
  • Operating Expense: $23,866.00
  • Other Expense: $6,882.00
  • Trash Expense: $798.00
  • Water Sewer Expense: $3,528.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 4
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 2
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 126 South 3rd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 126 South 3rd Street

Taxable ValueLand$42,400Additions$272,600Total$315,000
Tax Record2023$7,015 ($585 / month)
Home Facts
Lot Size12,458 SqFtStyleMiscellaneous CommercialCountyWALWORTHAPNXOP 00116

Schools near 126 South 3rd Street

This home is within Delavan-Darien School District.
Rating
School
Type
Grades
Distance
Public - 5 to 8
Public - 9 to 12
Public - PK to 2
Public - 4 to 5
Rating
School
Distance
Phoenix Middle School
Public5 to 8

Delavan-Darien High School
Public9 to 12

Turtle Creek Elementary School
PublicPK to 2

Darien Elementary School
Public4 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty

Based on information from one of the following Multiple Listing Services: Metro Multiple Listing Service (Metro MLS), REALTORS Association of Northeast Wisconsin. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Metro Multiple Listing Service (Metro MLS), REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 09/30/2022 11:55 AM Listing presented by Compass RE WI-Tosa. Information is supplied by seller and other third parties and has not been verified. Copyright 2024 – WiREx. – All Rights Reserved