204 Grand Ave
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204 Grand Ave
6 Unit Apartment Building $3,401,928 CAD ($566,988 CAD/Unit) 6.88% Cap Rate Mukwonago, WI 53149
Investment Highlights
- Location along with a private elevator in each unit is unique to say the least. Appeal is now broadened to the elderly for location.
Executive Summary
Four of the six units are currently leased. Ask for details. Expenses are estimated to be approximately $300.00 monthly. Real Estate Taxes are an unknown but are estimated at $3500 - $4000 per unit per year. Six condo units in two buildings. February Appraisal of 2023 lists smallest units at $405,900. Units are assessed at $405,000 to $445,000.
Building A is the larger of the two with three units ranging in size from 1518 SF, 1674 SF and 1746 SF respectively. Building B also has three units with two units at 1416 SF and one at 1394 SF. All units have their own private elevator and main floor in unit heated garage. Separate storage is in each unit and there is additional exterior parking assigned to the units as well as the in unit garages.
The Grand Condominiums are located in the heart of downtown Mukwonago and are convenient to just about everything.
Building A is the larger of the two with three units ranging in size from 1518 SF, 1674 SF and 1746 SF respectively. Building B also has three units with two units at 1416 SF and one at 1394 SF. All units have their own private elevator and main floor in unit heated garage. Separate storage is in each unit and there is additional exterior parking assigned to the units as well as the in unit garages.
The Grand Condominiums are located in the heart of downtown Mukwonago and are convenient to just about everything.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Amenities
- Air Conditioning
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 6 | $3,331 CAD | 1,400 - 1,750 |
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zoning
| Zoning Code | Multi (Corner Village of Mukwonago Lot housing two buildings. 7572 SF and 6483 SF with 3 individual residential condos in each. 1396 SF to 1756 SF.) |
| Multi (Corner Village of Mukwonago Lot housing two buildings. 7572 SF and 6483 SF with 3 individual residential condos in each. 1396 SF to 1756 SF.) |
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204 Grand Ave
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