For Sale $199,900 - Triplex
Located along the Mississippi River, just 8 scenic minutes from Winona/WSU, Fountain City, WI was once voted Wisconsin’s most scenic river town. Many local university students choose to live in Fountain City in places nicer than they can find in Winona for less money. Over the past 10 years, this trend continues to grow.
This former hotel and brewery is now a triplex that features 2, 2 bedroom units and a large 1 bedroom unit. Each unit has a private deck that offers unparalleled views of the river and Wisconsin sunsets. Also, there is a 1 ½ stall garage on the property, along with a yard, and even a natural spring.
The main floor 2 bedroom unit is a very spacious apartment with wood floors, a decorative wood stove, and washer/dryer (free).
The upper floor 2 bedroom is a cute unit with a back yard that includes a private patio and deck. This unit also features 2 entrances.
The upper floor 1 bedroom is a spacious unit with a large kitchen and living room.
3 decks were added in 2008. New windows were installed in 2010. Tuck-pointing maintenance was completed on the font of the building in 2013.
The 1.5 car garage comes with an electric opener, it’s own electric meter and gas meter. The garage is insulated, includes a hanging heater, and can be heated in the winter at the occupant’s option. The garage has historically been rented to a separate non-resident.
Fully leased through May 2020.
Monthly Rent: $2,030
Monthly property tax is $247
Monthly insurance is $47
Monthly net income* is is $1,736
* Monthly net income does not include debt service or maintenance.