For Sale $349,900 - Multi-Family
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.
Originally the mansion of a Buffalo County Judge and a steamboat captain, this classic Gothic style mansion features 2 quaint efficiency units, a huge 1 bedroom unit and a beautifully remodeled 4 bedroom unit on the top floor. Great views of the Mississippi River from all units.
The lower floor efficiency/studio features a huge storage area for the resident, along with wood laminate flooring.
The main floor efficiency is a cute, economical unit features a large bay window.
The main floor 1 bedroom unit is huge and features wood floors, extra storage room, 4 season porch, and a dishwasher. You won’t find a bigger 1 bedroom unit that this!
The upper floor 4 bedroom unit was completely remodeled in 2007. It features central A/C, wood laminate flooring, dishwasher, microwave/rangehood, washer/dryer (free), a Jacuzzi suite in the huge master bedroom, along with a large loft bedroom and living room. In addition, there is a private balcony overlooking the river and a private back yard. There are panoramic river views from nearly every room in this apartment.
New windows were installed in 2007 and in 2010. The original limestone steps were replaced with concrete in 2011, but the original limestone retaining wall remains in tact and provides this grand historical building with it’s original stately appearance.
Fully leased through May 2020
Monthly gross rent is $2,700.
Monthly property tax is $216
Monthly insurance is $53
Monthly net income* is $2,431
*Monthly net income does not include debt service or maintenance.