149 & 151 Merry Christmas Lane

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149 & 151 Merry Christmas Lane

Mineral Point, WI 53565
Asking Price
$430K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The multifamily property is currently available for purchase
  • This asset features a total of two residential units
  • Located at 149 & 151 Merry Christmas Lane in Mineral Point
  • The building is offered for sale at $429,900
  • The structure operates as a standard apartment building

What's Special

This multifamily asset in Mineral Point, Wisconsin, is now available for sale, presenting a practical option for real estate investors seeking a small-scale addition to their portfolio. Situated at 149 & 151 Merry Christmas Lane, the property consists of two distinct residential units. Mineral Point serves as a historic hub within the Driftless Area, characterized by its artistic community and stable regional economy. The building layout allows for straightforward management, making it a viable candidate for those looking to expand their footprint in a unique, growing market. Given the current composition, this apartment building is well-positioned for traditional rental operations or a potential owner-occupier strategy. Prospective buyers will find this an efficient entry point into the local housing sector, providing a balance of manageable scale and functional residential utility in a quiet, established setting.

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NOI
$80,000
Cap Rate
18.61%
DSCR
3.13
Strong
Cash-on-Cash
42.24%
Monthly Payment
$2,126.911
Annual Cash Flow
$54,477.072

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