Excellent income property opportunity in Sun Prairie. There were 4 REO duplexes available on Tall Grass Tr a couple months ago. I sold one to a client about a month ago. And two more just sold the day before Thanksgiving. All 3 sold for $245,000. There is one remaining, 319-331 Tall Grass Tr. It is still listed at $275,000, but like I said, the other 3 duplexes sold for $245,000. All 4 duplexes were nearly identical in style, size & age, and all within 2 blocks from each other.
This is such a good opporunity because the building is only 5 years old, and the rental income for each unit should be around $1400. That’s $2800/mth rental income, and tenants pay all utilities. $245,000 (even $275,000) is a really good deal for that kind of property. Let me know if you’d like to take a look at it!