Description
Three Income Streams in a Great Main Street Location! Take a closer look at 109/113 E Main Street in Stoughton, featuring two commercial rental spaces and a 2-bedroom apartment, offering a mix of commercial and residential income potential. With a combined rental income of $2,220 per month, or $26,640 annually at current rents, this property offers investors an opportunity to own a multi-unit income-producing property in a convenient Main Street location. Numerous updates have already been completed, including remodeled bathrooms, replacement of the sewer line from the lower bathroom to the city line, updated flooring and paint, updated baseboard heating, new upstairs interior doors, and an updated electrical panel. With three rental spaces and improvements already in place, this property is worth a closer look for investors looking to add a versatile commercial and residential property to their portfolio.
Property Highlights
Property Type: Commercial - Office
Year Built: 1892
General Information
County: Dane
Listed By:
Realty Executives Premier
Pref: 608-931-0229
SCWMLS
MLS ID: 2035399
Listing Courtesy of:
Realty Executives Premier
Agency Contact: Pref: 608-931-0229
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109-113 E Main Street, Stoughton, WI 53589.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $265,000 | $265,000 | $265,000 |
| Down Payment | $53,000 | $9,275 | $66,250 |
| Monthly Mortgage Amount | $1,393 | $1,688 | $1,704 |
| Taxes | $369 | $369 | $369 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $117 | $0 |
| Monthly Estimated Total | $1,862 | $2,274 | $2,173 |