1407 2nd Street, New Glarus

$625,000

0 Beds
0 Baths
0 Sqft
0 Acres
0 Garages

Great investment opportunity in the well sought after village of New Glarus. This property is a 5 unit mixed use building, 4 of the units being residential units and a commercial unit in the front. The building boasts new windows throughout, the 4 residential units have all been completely remodeled in 2018 and the commercial unit is a former restaurant that is gutted and awaiting a buildout. Bring your vision to life and let your money work for you.

ALTUS Commercial Real Estate, Inc..

Essential Information
Status Active
Detailed Status Active
Days on Market 28
MLS® # 1991649
Price $625,000
Year Built 1952
Type Multi Family
Assessed Value $528,000
Year Assesed 2024
Net Taxes $10,136
Tax Year 2024
Total Income $64,200
Total Expenses $24,006
Net OP Income $40,194
Parking Per Unit 557
Exterior Wood, Brick/Stone
Community Information
Address 1407 2nd Street
MLS® Area NEW GLARUS - V
County Green
State WI
Zip Code 53574
School Information
District New Glarus
Elementary New Glarus
Middle New Glarus
Property Overview
2 Bedroom Units 1
3 Bedroom Units 3
Total Units 5
# of Water Heaters 5
Heat Fuel Natural Gas
# of Stoves 4
# of Refrigerators 4
# of Dishwashers 4
Units with AC 4
# of Washers 4
# of Dryers 4
Unit 1 Details
# of Bedrooms 3
# of Full Baths 1
Lease Expires 11/2025
Monthly Rent $1,500
Square Feet 1,154
Parking 1 Space
Landlord Pays Elec No
Landlord Pays Heat No
Landlord Pays W/S Yes
Unit 2 Details
# of Bedrooms 3
# of Full Baths 1
Lease Expires MTM
Monthly Rent $1,350
Square Feet 1,124
Parking 1 Space
Landlord Pays Elec No
Landlord Pays Heat No
Landlord Pays W/S Yes
Unit 3 Details
# of Bedrooms 3
# of Full Baths 1
Lease Expires 02/2026
Monthly Rent $1,500
Square Feet 1,129
Parking 1 Space
Landlord Pays Elec No
Landlord Pays Heat No
Landlord Pays W/S Yes
Unit 4 Details
# of Bedrooms 2
# of Full Baths 1
Lease Expires MTM
Monthly Rent $1,000
Square Feet 948
Parking 2 Space
Landlord Pays Elec No
Landlord Pays Heat No
Landlord Pays W/S Yes
Additional Information
Zoning Comm
Short Sale No
REO / Bank Owned No
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Data provided by the South Central Wisconsin MLS as of 02/07/2025.

Copyright 2025 – (South Central Wisconsin MLS) – All Rights Reserved

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