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Charming Tiny Homes with Patio

303-a-b 303-a-b Main Hollandale, WI 53544

303-a-b 303-a-b Main, Hollandale, WI, 53544

$175,000

For Sale

$175,000

Two unique tiny homes in Hollandale, ready for renovation.

Property Size648 SF

Price / SF$270.06

AddedJul 26, 2024

Days on Market720

Last RefreshJul 5 at 7:53 am

Property Features for 303-a-b 303-a-b Main

General Information

Standard status: Active
Size: 648 SF
Property subtype: Multi Family / 2 houses on 1 lot

Building Details

Year Built: 1997

Listing office EXIT Professional Real Estate

Listing date Jul 26, 2024

Source Compass

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of EXIT Professional Real Estate

Investment Insights

Based on property information with market context.

This property features two charming tiny homes separated by a cozy patio, presenting a unique opportunity for creative renovation. Unit A offers approximately 288 square feet (per assessor), featuring a kitchenette/living room combo on the main level, an upper-level bedroom without a closet, and a full bath below. Unit B provides approximately 360 square feet, with a welcoming living room on the main level, a kitchenette, an upper-level bedroom without a closet, and a bath in the lower level. Both homes are currently heated by electric space heaters. The property includes two parking spaces and is located within a short walk to everything Hollandale has to offer.

Key Highlights

Two separate tiny homes on one property offer unique living options or rental potential
Walking distance to Hollandale amenities
Intricate wood craftsmanship and delightful glass details throughout both units

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$12.8k	$19.80
− Vacancy	−$577	−$0.89
EGI	$12.3k	$18.91
− OpEx	−$3.7k	−$5.67
NOI	$8.6k	$13.24

648 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$122.5K

$107.2K – $143.0K (±1% cap)

NOI $8,577 @ 7.0% cap · market cap 4.90%

Second Best

Apartment 5plus

$113.6K

$99.4K – $132.5K (±1% cap)

NOI $7,949 @ 7.0% cap · market cap 4.54%

Theoretical Best

Office A

$189.3K

$165.6K – $220.8K (±1% cap)

NOI $13,250 @ 7.0% cap · market cap 7.57%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

For sale
Duplexes
WI
Hollandale
53544
303-a-b 303-a-b Main

What type of property is this?

Duplex - Two unique tiny homes in Hollandale, ready for renovation.

Where is this duplex located?

The property is located at 303-a-b 303-a-b Main Hollandale, WI.

What is the asking price?

The asking price for this property is $175,000.

What are key features of this property?

This property features: Two separate tiny homes on one property offer unique living options or rental potential; Walking distance to Hollandale amenities; Intricate wood craftsmanship and delightful glass details throughout both units