Eric Schlutz, ALC
Description
This 3 unit income property in downtown Lancaster has a commercial space on the main level & 2 residential units on the upper w/nice wood floors. This is a solid brick building & has been well maint w/numerous updates, incl furnace, plumbing, electrical, flooring, etc. The main level space is vacant & could be used for numerous purposes. It has a full bath, an office, as well as a lg storage area. Lg display windows & is very clean. There's a 1 bd unit upstairs occupied, m-to-m. That unit has an open concept w/a nice kit area, liv rm & din area. There is a nice bathroom w/laundry. The other upper space is an efficiency unit w/a full bath. All appl are incl. Rents have been $550-main level commercial unit. $500-upper efficiency unit & $600-1 bd upper unit. PLUS - Tenants pay $150/month toward the utilities, ($450/m total). Full basement for storage.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
County: Grant
High School: Lancaster
Listed By:
RE/MAX Preferred
Pref: 608-617-2727
SCWMLS
MLS ID: 1995302
Units
Unit 1:
Bedrooms: 1
Full Baths: 1
Parking Description: 2 Space
Square Feet: 1000
Unit 2:
Bedrooms: 1
Full Baths: 1
Parking Description: 2 Space
Square Feet: 900
Unit 3:
Bedrooms: 1
Full Baths: 1
Parking Description: 2 Space
Square Feet: 400
Listing Courtesy of:
RE/MAX Preferred
Agency Contact: Pref: 608-617-2727
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217 W Cherry St, Lancaster, WI 53813.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $183,000 | $183,000 | $183,000 |
| Down Payment | $36,600 | $6,405 | $45,750 |
| Monthly Mortgage Amount | $950 | $1,165 | $1,177 |
| Taxes | $255 | $255 | $255 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $81 | $0 |
| Monthly Estimated Total | $1,305 | $1,601 | $1,532 |
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