114 2nd St New Glarus, WI 53574
Estimated payment $12,592/month
Highlights
- Popular Property
- Vaulted Ceiling
- Den
- New Glarus Elementary School Rated A
- Wood Flooring
- 3-minute walk to Village Park
About This Home
Own The Flan Lofts - one of the most sought-after apartment communities in New Glarus! Completely renovated in 2015, The Flan boasts 9 high-end apartments of every shape and size, featuring high ceilings, hardwood floors, outdoor patio space, and modern fixtures blended with historic Swiss charm. New Glarus is home to a highly rated school system and several popular festivals. Highly sought after by tenants resulting in a near-zero vacancy rate since its conversion. 6.77 CAP. Includes parcels 0156.0000, 0159.01000, & 0161.0100. See Docs for OM. Contact broker for rent roll. Redundant HVAC system behind building to be removed by Seller. Seller to repair back door to lower level. 2025 assmt lowered from $2,196,500 in 2024. All measurements appx, Buyer to verify. LA related to Seller
Property Details
Home Type
- Multi-Family
Home Design
- Brick Exterior Construction
- Wood Siding
- Stucco Exterior
Interior Spaces
- 2-Story Property
- Vaulted Ceiling
- Fireplace
- Family Room
- Dining Room
- Den
- Wood Flooring
- Basement Fills Entire Space Under The House
Kitchen
- Eat-In Kitchen
- Oven or Range
- Dishwasher
Laundry
- Laundry in unit
- Washer and Dryer
Parking
- 7 Open Parking Spaces
- 8 Covered Spaces
- Outside Parking
Schools
- New Glarus Elementary And Middle School
- New Glarus High School
Utilities
- Forced Air Heating and Cooling System
- Separate Meters
- Individual Controls for Heating
- Water Softener is Owned
- Internet Available
Additional Features
- Balcony
- 0.44 Acre Lot
Community Details
- 9 Units
- Laundry Facilities
- Net Operating Income $110,022
Listing and Financial Details
- Assessor Parcel Number 161-0156.0000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $42,464 | $2,196,500 | $92,100 | $2,104,400 |
| 2022 | $29,503 | $988,600 | $61,400 | $927,200 |
| 2021 | $27,551 | $988,600 | $61,400 | $927,200 |
| 2020 | $27,170 | $988,600 | $61,400 | $927,200 |
| 2019 | $26,122 | $988,600 | $61,400 | $927,200 |
| 2018 | $23,417 | $912,600 | $61,400 | $851,200 |
| 2017 | $22,287 | $912,600 | $61,400 | $851,200 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/10/2025 06/10/25 | For Sale | $1,625,000 | -- | -- |
Source: South Central Wisconsin Multiple Listing Service
MLS Number: 2001802
APN: 231611560000
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