508 4Th St Muscoda, WI 53573
- Commercial real estate
- 0.32 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 508 4Th St
- Lot size
- 0.32 lot acres
- Property type
- Commercial real estate
- APN
- 153-00127-0010
- APU
- 153001270010
Description
This exceptional investment opportunity encompasses two buildings situated on a 0.8-acre lot at 508 and 518 N 4th Street in Muscoda, Wisconsin. The property, totaling 10,764 square feet, underwent a complete renovation in 2022. It features eight individual units, four in each building, all boasting two bedrooms and one bathroom. Each unit benefits from separate utility meters, with tenants responsible for their respective costs. Heating and cooling are provided by efficient forced-air natural gas furnaces with central air conditioning. The property offers substantial income potential, generating over $91,000 in gross revenue during the most recent twelve-month period. Further enhancing the property's value are full basements in each building, equipped with coin-operated laundry facilities and ample storage space. Convenient surface parking is available on-site, supplemented by street parking. The expansive 0.8-acre lot also includes a generous amount of yard and green space. This turnkey multi-unit property presents a rare opportunity for investors seeking a well-maintained, high-yielding commercial investment in a desirable location. The property consists of two tax parcels, ensuring a streamlined ownership experience. This is a must-see for discerning investors.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $375,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $435,000
- 6.5%
- $415,000
- 7%
- $440,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $480,000
- Geo Method
- $360,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $410,000
- Retail
- $470,000
- Mixed-Use
- $415,000
- Hospitality
- $460,000
- Educational
- $390,000
- Residential Income
- $490,000
- Energy
- $430,000
- Income-Based Land
- $455,000
- Food Service
- $480,000
Location Insight
- Map
- Local Demand
- City
- Muscoda
- County
- Grant
- State
- Wisconsin
- Longitude
- -90.4388
- Latitude
- 43.1907
- CBSA code
- 38420
- CBSA name
- PLATTEVILLE, WI MICROPOLITAN STATISTICAL AREA