Overview

Listing ID:#20189592

Building SF:6,656

Parcel Size:0.25 Acres

Price:$749,900

Building PSF:$112.67

Property Type:Multi-Family, Retail

Date Available:Now

WAUNA BOGO!

Pro Forma NOI of $73,497 and 9.8% Cap Rate based on $90,118 in Projected Annual Gross Rent. This revitalized downtown Waunakee gem offers 2 adjoining buildings of flexible mixed-use space with updated apartment units, freshly cleaned commercial suites, & fresh vertical steel faade. The property combines historic Main Street character with strong local visibility and growing area demand. Ideal asset for owner-occupants or investors seeking upside and walkable access to everything Waunakee offers. Many upgrades include a replaced Asphalt Parking Lot, upgraded Landscaping Drainage, Furnace (Bike Shop), Washer & Paint (#1), Flooring, Blinds, Paint, & Countertops (#2), Paint, Dishwasher, Washer, Dryer, & Water Heater (#3), Garage Door, Main Gas Line, and more. Restaurateurs welcomed. This is a rare opportunity to own a core piece of downtown Waunakee!* Currently Leased: 2 of 3 Commercial Units and all 3 Residential Apartments (83.33% Occupancy)* Available for Rent: Commercial Unit A (Approx: 2000+ sqft) at $2,200 Monthly* Detached Garage is approximately 50 ft 23 ft (1,048 sq ft)* Detailed Rent Roll & Leases Available Upon Request

Financial Information

Gross Income:$90,118

Total Expenses:$16,621

Net Op. Income:$73,497

Cap Rate:9.80%

Current Tenants:5

Percent Leased:83%

Real Estate Taxes:$10,187

Tax Year:2024

Building Details

Building Type:Multi-Tenant

Building Status:Existing

Year Built:1910

Current Use:Retail & Multi-Family

Number of Floors:2

Number of Units:6

Number of Restrooms:4

Zoning:C-1D

Outside Parking:Yes

Outside Parking per 1,000 sf:2,800

Ceiling at Eves:10 ft

Ceiling at Center:14 ft

Parcel Front Dim.:66 ft

Parcel Side Dim.:165 ft

Municipal Sewer:Yes

Municipal Water:Yes

Hwy Exposure:Yes

Cable:Yes

Bus Line:Yes

Contact Listing Agent

John David Vasquez

608-770-4322

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