28 7th Avenue, New Glarus, WI 53574

$309,000 Asking Price

4 beds
2 baths
2,280  sqft

The upper unit is currently rented until the end of February 2024 for $1100 a month. In order to convert this back to a single family residence you will need to open up a doorway to the stairs. Great opportunity to start your investment portfolio. If you owner occupy most lenders will give you 75% of the current rental income toward your debt to income ratio. (You have more purchasing power) After the current lease is up you can continue leasing or convert back to a single family or lease the lower unit and use that income toward your next purchase, this is an excellent opportunity! There have been many improvements over the last several months, from new roof and gutters on the outside, to all new floors remodeled kitchen and bathrooms. There are still upgrades under construction.


Features & Amenities

Interior

Master Bedroom:
Upper
Master Bath:
No Master Bedroom Bath
Basement:
Full
A/C:
Radiant

Exterior

General:
Vinyl
Style:
Other

Construction

General:
2 Story

Location

Originating MLS:
WIREX_SCW
School District:
New Glarus
County:
GREEN

Lot

Zoning:
C-1, 161-0104.0000

Utilities

Sewer:
Other,Municipal Sewer

Financial

Source:
WIREX_SCW, WIREX_SCW
Exclusions:
Sellers personal items.
NA Compensation:
2.4%

This listing courtesy of:
Century 21 Affiliated, Tim Norland

About New Glarus, WI

Housing

Number of Units
1,602
Median Home Value
$259,525
Median Rent
$777

14.52% of housing units are renter occupied.

5.53% are vacant.

Commute

Car
65.86%
Public Transportation
0.00%
Walk to Work
3.08%
Work from Home
30.79%
Other
0.12%

The median travel time to work is 21 minutes.

People

Population
3,811
Median Age
43.40
Median Household Size
2.70

Education

High School
28.15%
Associate’s Degree
10.86%
Bachelor’s Degree
26.57%
Graduate Degree
12.78%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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