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711 Ridge Street | 1954574 | First Weber REALTORS
Listing provided courtesy of RE/MAX Preferred - MLS#1954574Sold by Potterton-Rule IncMLS Provider

711 Ridge Street

Mineral Point, WI 53565
Multi-Family · 0.22 Acres

$385,000 Sold

Sold on 7/15/2023

Overview

Time on Site:
152 days
Visits:
56

Invest in your future with this one-of-a kind opportunity to own a 4 unit brick apartment building located in the historic town of Mineral Point. This property boasts a great rental history, and includes features like central air conditioning for efficiency, plus a 2 car garage and coin operated laundry for added convenience. Don't miss out on owning a property boasting with rental success!

View Map

Facts & Features

  • Type Multi-Family
  • Lot 0.22 Acres

General

School Information
  • Elementary School: Mineral Point
  • Middle Or Junior School: Mineral Point
  • High School: Mineral Point
Income/Expenses
  • Net Operating Income: 31034
Building Information
  • Water/Waste: Municipal water, Municipal sewer
  • Year Built: 1950
Location/Region
  • County Or Parish: Iowa
  • Location: MINERAL POINT - C
  • Postal City: Mineral Point
Rent/Lease Information
  • Unit 1 Monthly Rent: $930.00
  • Unit 2 Monthly Rent: $875.00
  • Unit 3 Monthly Rent: $875.00
  • Unit 4 Monthly Rent: $925.00
Tax Information
  • Tax Annual Amount: $4,426.00
  • Tax Assessed Value: $183,200.00
  • Tax Year: 2022
General Information
  • Exclusions: Tenants personal property
  • Inclusions: Refrigerator (4), Stoves (4), Coin Operated Washer and Dryer
  • Miscellaneous: Security system, Shared laundry, Internet - Cable, Internet - DSL, Internet - Fixed wireless, Internet - Satellite/Dish
  • Parcel Number: 251-0778
  • Property Type: Multi Family
  • Sub-Type: 2 story, 2 flat-up and down
  • Zoning: R-3
Unit Information
  • Unit 1: Dining room, Air conditioning, Range/oven, Refrigerator, Individual heat control, Wood or sim. wood floor
  • Unit 2: Air conditioning, Range/oven, Refrigerator, Individual heat control
  • Unit 3: Air conditioning, Range/oven, Refrigerator, Individual heat control
  • Unit 4: Dining room, Air conditioning, Range/oven, Refrigerator, Individual heat control

Interior

Building Information
  • # Furnaces: 2
  • Heating Fuel: Natural Gas
Beds/Baths
  • Number of 2 Bedrooms: 2
Building Interior
  • # Stoves: 4
  • # Water Heaters: 1
General Information
  • Basement: Full, Walkout to yard
Unit Information
  • Unit 1 Parking: 2 Space
  • Unit 2 Parking: 2 Car Garage
  • Unit 3 Parking: 2 Car Garage
  • Unit 4 Parking: 2 Space
  • Unit 1 # Bedrooms: 2
  • Unit 2 # Bedrooms: 1
  • Unit 3 # Bedrooms: 1
  • Unit 4 # Bedrooms: 2
  • Unit 1 Full Baths: 1
  • Unit 1 Half Baths: 0
  • Unit 2 Full Baths: 1
  • Unit 2 Half Baths: 0
  • Unit 3 Full Baths: 1
  • Unit 3 Half Baths: 0
  • Unit 4 Full Baths: 1
  • Unit 4 Half Baths: 0
  • Unit 1 Primary Bedroom Level: U
  • Unit 1 Primary Bedroom Dimension: 12x11
  • Unit 1 Bedroom 2 Level: U
  • Unit 1 Bedroom 2 Dimension: 6x12
  • Unit 1 Kitchen Dimension: 8x7
  • Unit 1 Living/Great Room Level: U
  • Unit 1 Living/Great Room Dimension: 9x14
  • Unit 1 Other Room: Three-Season
  • Unit 1 Other Room Level: U
  • Unit 1 Other Room Dimension: 6x12
  • Unit 2 Primary Bedroom Level: M
  • Unit 2 Primary Bedroom Dimension: 9x10
  • Unit 2 Kitchen Level: M
  • Unit 2 Kitchen Dimension: 12x7
  • Unit 2 Living/Great Room Level: M
  • Unit 2 Living/Great Room Dimension: 11x12

Exterior

Parking Information
  • Parking Stalls Inside: 2
Lot Information
  • Lot Size Acres: 0.22
Building Exterior/Construction
  • Construction Materials: Brick
General Information
  • Number Of Units Total: 4

Market Data

Based on the last 30 days in this zip code

$402,913
Median Sales Price
$122
Median Price per Square Foot
5
Properties Sold
7
New on Market
40
Average Days on Market
15
Properties for Sale
Calculations provided by Reliance Network

History

Date Event Value Agent
7/15/2023Source: South Central Wisconsin MLS Status Change
Sold
6/16/2023Source: South Central Wisconsin MLS Status Change
Offer-Show
5/15/2023Source: South Central Wisconsin MLS Price Reduction
$425,000 -5.6%
5/1/2023Source: South Central Wisconsin MLS Status Change
Active
4/28/2023Source: South Central Wisconsin MLS Added to Database
April 28, 2023
8/25/2022Source: South Central Wisconsin MLS Added to Database
August 25, 2022
Mike Wagner
Listing Agent
Mike Wagner
Seller Agent
8/4/2022Source: South Central Wisconsin MLS Added to Database
March 31, 2022
Mike Wagner
Listing Agent