Condo Unit in Beloit, WI

Rock County, Beloit, WI, 53511
Sold
Listed at: April 5th, 2024
Price
$85,000
Sq. Footage
857
Type
Condo
Parking
Detached Garage
Year build
1983
Lot size
0 acres
Bedrooms
2
Bathrooms
1
Half Bathrooms
0
Summary

☑️ “VIEW FULL ADDRESS” AND IT WILL IMMEDIATELY POP UP

🔥Walkthrough by Appointment! 🔐 CALL OR TEXT Eric TO MAKE AN OFFER! 608-286-4906 🔥Property is currently valued at $105,000.  IMMEDIATE CASH FLOW!

ARV Starts at $115,000 after minor updates

Agents - add your commission to asking price

☑️ PROPERTY TYPE: Condo Unit - Meadowlark Manor

 

  • 2 Bed / 1 Bath  

  • Currently rented out to MTM Tenants - Will be vacant 4/30
  • 857 sqft of living space

  • Built in 1983
  • In Unit Laundry - Recently purchased washer/dryer
  • Walkthrough by Appointment! CALL OR TEXT Eric TO MAKE AN OFFER! 608-286-4906

  • Rents are $1,200/month!  INSTANT CASH FLOW

  • Detached garage + Parking Pad

  • HOA $100/mo covers all: Landscaping, Snow Removal, Exterior Condition, Entryways, Hallways, Common Spaces, etc.
  • Tenant pays utilities - Water/Sewer bill averages out to $60/mo
  • Newer Furnaces
  • Newer Hot Water Heaters

  • Needs minor cosmetic updates after tenants move out - typical tenant turnover 

  • Seller motivation: Selling off portfolio to retire and move up north 

  • Closing date: on or before May 31,2024! All-Cash Buyers will be prioritized over HML!

  • Buyer pays all closing costs

  • Non-Refundable EMD: $1,000 (due at time of contract, put towards entry fee at closing) 

  • EMD is refundable, of course, if a clear title cannot be produced, or if we or the seller back out/cannot perform. We are not in the business of taking buyers’ EMD, but our name and our word is on the line with the seller. We have earned the seller's trust, and we want to prevent buyers from backing out after due diligence was done - especially when we haven't worked with them before. We will do whatever we can to close the deal in a smooth transaction, and we look forward to making long lasting buyer relationships!

  • CALL OR TEXT Eric TO MAKE AN OFFER! 608-286-4906

☑️ EXIT STRATEGY

  • Could rent for  $1,200 /month!!!!  There are limited rentals available in Beloit compared to the amount of people looking for housing

  • Pick your tenant a walk right in to cashflow - section 8 works nicely here, could rent for more
  • Refinance your capital out of property after stabalized
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Eric Clunn

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Disposition manager