819 Lum Avenue

Waterloo, WI 53594

$1,900,000
Price
4
Beds
2
Baths
1,500 Sq. Ft.
$1,267 / Sq. Ft.
1,500
Sq. Ft.
$1,267
per Sq. Ft.

Description

Discover an exceptional investment opportunity with these 3 6-unit apartment buildings, perfectly designed for maximum income potential. Each unit boasts 2 spacious bedrooms and 1 modern bathroom, catering to a broad range of tenants seeking comfort and convenience. This property has a proven track record of generating substantial rental income, making it a reliable addition to your investment portfolio. It is situated in a desirable neighborhood with easy access to shopping, dining, and public transportation,...Discover an exceptional investment opportunity with these 3 6-unit apartment buildings, perfectly designed for maximum income potential. Each unit boasts 2 spacious bedrooms and 1 modern bathroom, catering to a broad range of tenants seeking comfort and convenience. This property has a proven track record of generating substantial rental income, making it a reliable addition to your investment portfolio. It is situated in a desirable neighborhood with easy access to shopping, dining, and public transportation, attracting long-term tenants. The property includes sufficient parking spaces for all units, enhancing tenant convenience and property appeal. This apartment building is not just an investment; it's a high-performing asset that promises a steady stream of income!
  1. Listed by Brian Lawton • EXIT Realty HGM

Property Details for 819 Lum Avenue

Zoning
multi
LISTING UPDATED: 09/23/2024 05:59 PM

Property Details for 819 Lum Avenue

StatusActive
MLS #1981105
Days on Market132
Taxes$25,309 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Apartment building
Year Built1990
CountyJefferson County

Building Information for 819 Lum Avenue

Building/Complex819 Lum AveFloor-Stories-Residences18Pet Policy-Year Built1990Building Size-

Property Information for 819 Lum Avenue

Summary
Location and General Information
  • C/T/V: City
  • County: Jefferson
  • County Qtr Section: Jefferson NW
  • Directions: N on N Monroe St, E on Henry St, N on Lum
  • Location: WATERLOO - C
  • Mailing City: Waterloo
  • Municipality: Waterloo
  • State: WI
  • Zip: 53594
Parking
  • Park/Unit: Outside
  • Parking Spaces Outside: 28
  • Parking Stalls Inside: 0
School Information
  • Elementary: Waterloo
  • High School: Waterloo
  • Middle School: Waterloo
  • School District: Waterloo
Taxes and HOA Information
  • Net Taxes: $25,309.00
  • Parcel ID: 290-0813-0523-047
  • Tax Year: 2023
Property
Property and Assessments
  • Class: Multi Family
  • Improvements: 1148000
  • Land Assess: $94,500.00
  • Legal Documents: Lease(s) on file, Condition report on file
  • Total Assess: $1,242,500.00
  • Total Assess Year: 2023
  • Type: Apartment building
  • Year Built: 1990
Lot Information
  • Estimated Total Acres: 1.57
  • Source of Est. Acres: Assessor
  • Source of Year Built: Other
Utilities
  • Utilities: Separate elec meters, Separate gas meters
  • Water/Waste: Municipal water, Municipal sewer
Interior and Exterior Features
Exterior Features
  • Exterior: Vinyl, Brick, Stone
Interior Features
  • Items Included: 18 refrigerators, 18 stoves/ovens
  • Items Excluded: seller and tenant personal property
  • Number of Dish Washers: 0
  • Number of Dryers: 3
  • Number of Furnaces: 0
  • Number of Stoves: 18
  • Number of Refrigerators: 18
  • Number of Washers: 3
  • Number of Water Heaters: 18
  • Number of Water Softeners: 0
  • Basement: None
  • Heating Fuel: Electric
  • Heating Type: Radiant
  • Number of Efficiencies: 0
Room Information
Bedrooms
  • Number of 1 Bedrooms: 0
  • Number of 2 Bedrooms: 18
  • Number of 3+ Bedrooms: 0
Multi Family
Unit Information
  • Number of Units w/AC: 0
  • Number of Units: 18
Income & Expenses Information
  • Net Operating Income: $144,134
  • Net Operating Income Year: 2024
  • Total Expenses: $37,726
  • Total Income: $181,860
Unit 1
  • U1 Landlord Pays Heat: No
  • U1 Landlord Pays Electric: No
  • U1 Landlord Pays Water/Sewer: Yes
  • Unit 1: Eat-in kitchen,Range/oven,Refrigerator,Individual heat control,Wood or sim. wood floor
  • U1 Parking: 1 Space
  • U1 Number of Bedrooms: 2
  • U1 Full Baths: 1
  • U1 Half Baths: 0
  • U1 SqFt: 750
  • Unit 1 Kitchen Level: M
  • Unit 1 Living/Great Room Level: M
  • Unit 1 Primary BedRoom Level: M
  • Unit 1 Bedroom 2 Level: M
  • Unit 1 Bedroom 2 Dimensions: 12x11
  • Unit 1 Kitchen Dimensions: 8x15
  • Unit 1 Living/Great Room Dimensions: 16x12
  • Unit 1 Primary BedRoom Dimensions: 14x10
Unit 2
  • U2 Landlord Pays Heat: No
  • U2 Landlord Pays Electric: No
  • U2 Landlord Pays Water/Sewer: Yes
  • Unit 2: Eat-in kitchen,Range/oven,Refrigerator,Wood or sim. wood floor,Individual heat control
  • U2 Parking: 1 Space
  • Unit 2 Bedroom 2 Level: M
  • Unit 2 Kitchen Level: M
  • Unit 2 Living/Great Rm Level: M
  • Unit 2 Primary BedRm Level: M
  • Unit 2 Bedroom 2 Dimensions: 12x11
  • Unit 2 Kitchen Dimensions: 8x15
  • Unit 2 Living/Great Rm Dimensions: 16x12
  • Unit 2 Primary BedRm Dimensions: 14x10
  • U2 Number of Bedrooms: 2
  • U2 Full Baths: 1
  • U2 Half Baths: 0
  • U2 SqFt: 750

Property History for 819 Lum Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 819 Lum Avenue

This home is within Waterloo School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Waterloo Elementary School
PublicPK to 4

Waterloo Intermediate School
Public5 to 6

Waterloo Middle School
Public7 to 8

Waterloo High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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819 Lum Avenue is a multi-family home for sale in Waterloo, WI 53594. This property was listed for sale on July 10, 2024 by EXIT Realty HGM, it's currently listed at $1,900,000. It has been on the market for a total of 132 days and was last sold on August 18, 2021. This listing's school district is Waterloo School District. Nearby schools include Waterloo Elementary School, Waterloo Intermediate School and Waterloo Middle School. 819 Lum Avenue is a 4-bed, 2-bath, 1,500 sqft multi-family home built in 1990.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXIT Realty HGM

Based on information from one of the following Multiple Listing Services: Metro Multiple Listing Service (Metro MLS), REALTORS Association of Northeast Wisconsin. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Metro Multiple Listing Service (Metro MLS), REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 09/23/2024 05:59 PM Listing presented by Compass RE WI-Tosa. Information is supplied by seller and other third parties and has not been verified. Copyright 2024 – WiREx. – All Rights Reserved