For Sale: Baldwin MLS# 6502340
Active
$550,000
Commercial: Apartment,Mixed Use
Built 1930
0.38 acres
Baldwin-Woodville Area schools
MLS# 6502340
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Property Description
Mixed use building with solid, long-term Snap Fitness tenant and residential units. (1) one-bedroom, (2) 2 bedroom units. Rear parking lot of restaurant next door included in the sale (Separate PID and currently
rented). 2 of the 3 residential units have been fully renovated with new floor, kitchens, appliances, wall A/C units and updated bathrooms. New A/C unit for Snap Fitness. Snap Fitness was renovated in 2016. New steel roof and steel siding in 2020. Tenants pay gas and electric. Owner pays water/sewer, trash and snow removal. Plenty of off-street parking in parking lot. Current Cap Rate of 7.48%
Listing
Listing Status:
Active
Contingency:
None
List Price:
$550,000
Property Type:
Commercial
City:
Baldwin
County:
St. Croix
Year Built:
1930
State:
WI
Property Style:
Apartment, Mixed Use
Zip Code:
54002
Exterior
Other Parking Spaces:
4
Air Conditioning:
Central Air, Wall Unit(s)
Foundation Size:
2,640 ft2
Handicap Accessible:
None
Heating System:
- Baseboard
- Forced Air
Parking Features:
- Asphalt
- Paved
Exterior Material:
Steel Siding
Lot & Land
Acres:
0.38
Geolocation:
44.972347325, -92.374790765
Inclusions:
Building
Lot Dimensions:
0
Zoning:
Business/Commercial
Schools
School District:
231
District Phone:
715-684-3411
Expenses
Annual Gross Expense:
$8,753
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2022
Annual Taxes:
$3,811
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$3,811
Income
Annual Gross Income:
$57,000
Rent
Annual Net Income:
$48,247
Units
Total Units:
4
Miscellaneous
Current Use:
- Commercial
- Residential
Fuel System:
- Electric
- Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
Water System:
City Water/Connected
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of BRIX Real Estate.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.