$585,000

919 N River Rd

West Bend WI, 53090

Description

Fully Leased!!! Rare opportunity to own a multi-tenant flex building with a high rate of return! This building has an eye popping current cap rate at 9.3%. The property could also work great as an owner-occupied investment. An owner occupant can stay in this building for virtually FREE and have the tenants pay the mortgage with the additional cash flow from the tenant occupied units. Tenants are recession and internet resistant. This five-tenant building has massive electrical input with 3 phase power to the building. The building's large parking lot and overhead doors add additional value and desire to this spectacular investment. Parking ratio is 2.75 stalls per 1,000 square feet.

Details

MLS#1685000
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1980
Days On Site49

Features

SQ Feet16,000
Story(s)1
ZoningM-2

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Area Information

StateWI
CountyWashington
CityWest Bend
Zip Code53090
AreaWashington
Listing VS Median (in 53090)
Price:
$585,000
low | high
Med:
$129,900
100% of Average
SqFt:
16,000
low | high
Med:
0
100% of Average
$ / SqFt:
$37
low | high
Med:
$0
100% of Average
On Site:
49
low | high
Med:
49
100% of Average
Listing Updated: 06/02/2020
MLS Number: 1685000
Listing Provided By:
Paul A Rucinski  of  Encore Real Estate Brokerage
Listing data provided by Metro MLS. Copyright {{year}}, Multiple Listing Service, Inc. Information is supplied by seller and other third parties and has not been verified. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing