NOT LISTED FOR SALE

241 W Grand Ave Beloit, WI 53511

1 Bed
1 Bath
550 Sq Ft
0.67 Acres

Last Sold March 06, 2020

Last sale price $1,450,000 $2,636 Per Sq Ft

312 Days on Market

Highlights

  • 0.67 Acre Lot
  • Eat-In Kitchen
  • Family Room
  • Open Floorplan
  • Property is near a bus stop
  • 2-minute walk to Field Park

About This Home

As of March 2020

Very well maintained 30 unit building. All units are occupied. Almost always 100% occupancy. Bus line pulls up right outside front door. Close to downtown and all amenities. 1 year lease on all units. Good investment. Nice cash flow. All new windows in last year. New boiler.

Last Agent to Sell the Property

JR Reynolds

Century 21 Affiliated Pfister License #57139-90 759-4 Listed on: 03/04/2019

Century 21 Affiliated Pfister

Last Buyer's Agent

Marianne Walker

Walker Realty Group, LLC License #55667-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,235

Year Built

  • Built in 1976

Lot Details

  • 0.67

Parking

  • 30 Open Parking Spaces

Home Design

  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 4-Story Property
  • Open Floorplan
  • Family Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Schools

  • Hackett Elementary School
  • Cunningham Middle School
  • Memorial High School

Utilities

  • Radiant Heating System
  • Separate Meters

Additional Features

  • 0.67 Acre Lot
  • Property is near a bus stop

Community Details

  • 30 Units
  • Net Operating Income $120,819

Listing and Financial Details

  • Assessor Parcel Number 20613530265

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,235

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Municipality: Beloit
  • Status Detail: Sold
  • Mailing City: Beloit
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 4+ story
  • Barrier Free: Open floor plan
  • Miscellaneous: Close to bus line
  • Noi Year: 2018
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Poured concrete foundatn
  • Number Dryers: 2
  • Number Furnaces: 2
  • Number Refrigerators: 30
  • Number Stoves: 30
  • Number Washers: 2
  • Number Water Heaters: 2
  • Number Water Softeners: 2

Exterior Features

  • Exterior: Brick

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Parking Stalls Outside: 30

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 space
  • Utilities: Separate elec meters

Fee Information

  • Total Expenses: 110618

Schools

  • School District: Beloit
  • Elementary School: Hackett
  • Middle School: Cunningham
  • High School: Memorial
  • Elementary School: Hackett
  • High School: Memorial
  • Middle School: Cunningham
  • School District: Beloit

Lot Info

  • Estimated Aces: 0.665
  • Zoning: Multi-fami
  • Geo Subdivision: WI

Rental Info

  • Total Income: 231437

Tax Info

  • Land Assessment: 50600
  • Improvements: 936600
  • Total Assessment: 987200
  • Assessment year: 2019
  • Net Taxes: 28235
  • Tax Year: 2019
  • Assessor Parcel Number: 20613530265

Multi Family

  • Number Of1 Bedrooms: 30
  • Number Of Units: 30

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2020 03/06/20 Sold $1,450,000 -9.1% $2,636 / Sq Ft
01/10/2020 01/10/20 Pending -- -- --
10/01/2019 10/01/19 Price Changed $1,595,000 -6.2% $2,900 / Sq Ft
03/04/2019 03/04/19 For Sale $1,700,000 -- $3,091 / Sq Ft
Source: South Central Wisconsin Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1851278

South Central Wisconsin Multiple Listing Service