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Grandview Pines 1022 Grandview Ave

32 Unit Apartment Building $4,961,145 CAD ($155,036 CAD/Unit) Tomah, WI 54660

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Investment Highlights

Pristine 32-unit with 24 garages

Executive Summary

Seller willing to sell buildings separately and open to creative/seller financing options! Fantastic opportunity to own two apartments totaling 32 units in pristine condition.Fantastic opportunity to own two apartments totaling 32 units in pristine condition. Incredibly well-kept and managed properties. (16) 1BR units, (14) 2BR units, (2) 3BR units, 23 garages rented at $65/garage. 6 coin-op washers and dryers. Four of the 2BRs have private laundry rooms. New water heater in 1022 in 2021. New roofs on 1021 and 1021 garages. 2023 NOI shows 7-Cap rate. Property rents low compared to competitor rentals in market, great value-add! Property is literally turnkey and ready to operate!

Grandview creative financing options.docx

Financial Summary (Actual - 2023)	Annual (CAD)	Annual Per SF (CAD)
Gross Rental Income	$462,121	$5.61
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$462,121	$5.61
Taxes	$53,164	$0.65
Operating Expenses	$41,182	$0.50
Total Expenses	$94,345	$1.15
Net Operating Income	$367,775	$4.47

Financial Summary (Actual - 2023)

Gross Rental Income (CAD)
Annual	$462,121
Annual Per SF	$5.61

Other Income (CAD)
Annual	-
Annual Per SF	-

Vacancy Loss (CAD)
Annual	-
Annual Per SF	-

Effective Gross Income (CAD)
Annual	$462,121
Annual Per SF	$5.61

Taxes (CAD)
Annual	$53,164
Annual Per SF	$0.65

Operating Expenses (CAD)
Annual	$41,182
Annual Per SF	$0.50

Total Expenses (CAD)
Annual	$94,345
Annual Per SF	$1.15

Net Operating Income (CAD)
Annual	$367,775
Annual Per SF	$4.47

Property Facts

Price	$4,961,145 CAD	Building Class	C
Price Per Unit	$155,036 CAD	Lot Size	1.89 AC
Sale Type	Investment	Building Size	82,328 SF
No. Units	32	No. Stories	2
Property Type	Multifamily	Year Built	2005
Property Subtype	Apartment	Parking Ratio	0.29/1,000 SF
Apartment Style	Low Rise

Price	$4,961,145 CAD
Price Per Unit	$155,036 CAD
Sale Type	Investment
No. Units	32
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	1.89 AC
Building Size	82,328 SF
No. Stories	2
Year Built	2005
Parking Ratio	0.29/1,000 SF

Unit Amenities

Air Conditioning
Balcony
Cable Ready

Dishwasher
Heating
Kitchen

Oven
Range

Tub/Shower
Patio

Site Amenities

Laundry Facilities

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
1+1	16	$1,099 CAD	700 - 750
2+1	14	$1,311 CAD	950 - 1,050
3+1	2	$1,524 CAD	1,230

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aerial
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1022 Grandview Ave, Tomah, WI - aerial map view - Image1

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1022 Grandview Ave, Tomah, WI - aerial map view - Image4

1022 Grandview Ave, Tomah, WI - aerial map view - Image5

1022 Grandview Ave, Tomah, WI - aerial map view - Image6

1022 Grandview Ave, Tomah, WI - aerial map view - Image7

1022 Grandview Ave, Tomah, WI - aerial map view - Image8

1022 Grandview Ave, Tomah, WI - aerial map view - Image9

1022 Grandview Ave, Tomah, WI - aerial map view - Image10

PROPERTY TAXES

Parcel Number	286-00639-9200	Total Assessment	$1,254,461 CAD
Land Assessment	$77,677 CAD	Annual Taxes	$53,164 CAD ($0.65 CAD/SF)
Improvements Assessment	$1,176,784 CAD	Tax Year	2023