40 & 50 W Main, Platteville, WI 53818
sale
$749,900
|
Other
Courtesy Of Remax Advantage Realty
Turnkey downtown investment opportunity delivering immediate cash flow with built-in upside through scheduled rent increases and minimal future capital needs. This mixed-use property in Platteville features two Main Street retail storefronts and seven upper-level apartment units offering a mix of one- and two-bedroom layouts. Nearly fully occupied, with only one retail storefront currently vacant, creating additional income potential. Gross operating income is approximately $71,700 annually, with rent increases already planned for May 2026. Several apartment leases up for renewal mid-2026, providing flexibility for future management strategy. Recent 2026 capital improvements include new gas furnaces, hot water heaters, and a new GAF roof system. Apartment interiors have been updated with newer flooring, paint, and some appliances. Includes two rear off-street parking spaces plus convenient Main Street parking.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Cooling System: Other (Cooling)
- Floor Covering: Wood
- Floor Covering: Other
- Heating System: Forced Air
- Heating System: Other (Heating)
- MLSID: 154007
- Parking Spaces: 2
- Roof Type: Rubber
- Rooms: Bathroom 4
- Rooms: Bathroom 5
- Rooms: Basement
- Rooms: Bathroom 2
- Rooms: Bathroom 3
- Rooms: Bathroom 1
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