920 4Th Ave Baldwin, WI 54002
- Commercial real estate
- 6,462 SF
- 1.43 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 920 4Th Ave
- Year built
- 2000
- Lot size
- 1.43 lot acres
- Property size
- 6,462 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a well-maintained, six-unit townhome complex situated on a 1.43-acre lot in Baldwin, Wisconsin. Built in 2000, the single-story building boasts 6,462 square feet of net rentable space, with each unit offering two bedrooms, one bathroom, a patio, a sizable backyard, and an attached two-car garage. Recent renovations (within the last four years) include new appliances, furnaces, flooring, countertops, doors, trim, and paint, ensuring attractive units for quality tenants. All utilities are paid by tenants, minimizing owner responsibilities. The owner currently handles lawn care, snow removal, maintenance, insurance, and taxes. The property enjoys a strong 8.16% cap rate, generating a net operating income (NOI) of $81,600, with an asking price of $1,000,000 ($154.75/sq ft). Located near local amenities and with convenient access to I-94 for commutes to Hudson or the Twin Cities, this property offers significant rental income potential and room for future rent increases in a growing community. The property is commercially zoned.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Baldwin
- County
- St. Croix
- State
- Wisconsin
- Longitude
- -92.3688
- Latitude
- 44.9537
