Overview

Listing ID:#20185522

Building SF:16,452

Price:$1,625,000

Building PSF:$98.77

Property Type:Office

Date Available:Now

OM - Flan Lofts - 114 2nd St, New Glarus_compressed.pdf

9-Unit Multi-Family in New Glarus - 6.77 CAP

Own The Flan Lofts - one of the most sought-after apartment communities in New Glarus! Completely renovated in 2015, The Flan boasts 9 high-end apartments of every shape and size, featuring high ceilings, hardwood floors, outdoor patio space, and modern fixtures blended with historic Swiss charm. New Glarus is home to a highly rated school system and several popular festivals. The Flan has been in high demand with tenants resulting in a near-zero vacancy rate since its conversion. Includes parcels 0156.0000, 0159.01000, & 0161.0100. Contact broker for rent roll with a signed CA. Redundant HVAC system behind building to be removed by Seller. Seller to repair back door to lower level. 2025 assessment lowered from $2,196,500 in 2024. All measurements are approximate, Buyer to verify as needed. Broker is related to Seller.

Financial Information

Gross Income:$168,360

Total Expenses:$58,338

Net Op. Income:$110,022

Cap Rate:6.77%

Current Tenants:9

Percent Leased:100%

Building Details

Building Type:Multi-Tenant

Building Status:Existing

Current Use:Multi-Family

Number of Floors:2

Number of Units:9

Zoning:C-1

Outside Parking:Yes

Inside Parking:Yes

Municipal Sewer:Yes

Municipal Water:Yes

Other Information:Fiber-Optic Internet

Contact Listing Agent

Kevin Visel

608-298-6598
608-556-2088
Email

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