Creekview Meadows | 1920 4th Ave
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Creekview Meadows 1920 4th Ave
6 Unit Block of Flats £784,410 (£130,735/Unit) 8.16% Net Initial Yield Baldwin, WI 54002
Investment Highlights
- Interior has been completely updated within the last 4 years
- close to I94 for quick commutes to neighboring cities
- open spacious units with 2 car attached garage and big yard
Executive Summary
This well-maintained 6-plex in Baldwin, WI, offers a lucrative investment opportunity with six spacious units, each featuring two large bedrooms, one bathroom, a patio, big backyard and an attached two-car garage. Recently remodeled within the last three years, the units are attractive to quality tenants, with all utilities paid by the tenants, minimizing owner responsibilities. The owner covers lawn care, snow removal, maintenance, insurance, and taxes. Located in a vibrant community near local amenities, this property promises strong rental income potential and is perfect for both seasoned investors and newcomers to the rental market.
Expenses are taxes, insurance, lawn and snow care.
Expenses are taxes, insurance, lawn and snow care.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£64,008
|
£9.91
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£64,008
|
£9.91
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£15,854
|
£2.45
|
| Net Operating Income |
£48,153
|
£7.45
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £64,008 |
| Annual Per SF | £9.91 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £64,008 |
| Annual Per SF | £9.91 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £15,854 |
| Annual Per SF | £2.45 |
| Net Operating Income | |
|---|---|
| Annual | £48,153 |
| Annual Per SF | £7.45 |
Property Facts
| Price | £784,410 | Property Subtype | Apartment |
| Price Per Unit | £130,735 | Apartment Style | Townhome |
| Sale Type | Investment | Lot Size | 1.43 AC |
| Net Initial Yield | 8.16% | Building Size | 6,462 SF |
| No. Units | 6 | Number of Floors | 1 |
| Property Type | Residential | Year Built | 2000 |
| Price | £784,410 |
| Price Per Unit | £130,735 |
| Sale Type | Investment |
| Net Initial Yield | 8.16% |
| No. Units | 6 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Lot Size | 1.43 AC |
| Building Size | 6,462 SF |
| Number of Floors | 1 |
| Year Built | 2000 |
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Family Room
- Lawn
- Pantry
- Patio
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 6 | £941.29 | 1,077 |
1 of 1
zoning
| Zoning Code | Commercial |
| Commercial |
-
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Creekview Meadows | 1920 4th Ave
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