Apartment Redevelopment Opportunity with Seller Financing

Beau Beach, MBA CCIM presents:

Hard-to-find apartment redevelopment opportunity that’s priced to sell at just $599,000!  That’s only $18/SF!

Even better, the property has been impeccably maintained.  The pride of ownership will shock you…not many 1924 buildings still look this good.  The proud owner has relocated out of state making the property available for purchase now.

Seller will finance the deal for a qualified buyer.

The city would love to see apartments in this location to help alleviate the shortage in the area.  At this low price, you’ll have the budget to create your own real estate masterpiece.  Architectural drawings showing how this school building can be converted to apartments have been created.

The building consists of 3 similar floor plates.  Few load bearing walls (corridors) provide a lot of layout flexibility.  3 stories plus partial basement, updated windows, craftsmen quality details throughout, exposed cream city brick, 13′ ceilings on all 3 floors, 40 car parking lot, 6″ water main, 2″ high pressure gas supply, 3 boilers, air cooled chiller, new electrical transformer and load center installed in 2000 to support an elevator installation and newer EPDM roof.

Foster Park, a popular community amenity, is located in front of the building.  You’ll be surprised to see how charming Mayville really is.  The downtown area and surrounding homes show obvious pride of ownership.  Family supporting jobs are plentiful from a robust metal fabricating industry.  The area experienced full employment even through the last economic downturn.

Substantial financial donations have provided impressive cultural amenities including a new aquatic center.  Completing the block are the Mayville Limestone School Museum and the soon-to-be constructed Community Center.  The very popular Kwik Trip, located directly across Dayton Street, has announced its expanding the location.

Redeveloping older properties is usually an intimidating endeavor…not this time.  You will be shocked by the quality of this building.  The building is true and plumb…built with the finest hardwoods and marble.  It’s a blank slate that the community is eager be put back to productive use.  Don’t miss this opportunity.  Priced for a timely sale.

Apartment architectural drawings available

The plans include 22 apartments (1 studio, 13 one bedrooms, 8 two bedrooms), commercial space and 48 parking spaces.  Shared laundry facilities on each floor.  Contact us to receive a copy.

Take the 3D Virtual Tour.

Don’t procrastinate…this opportunity is too attractive to last long. We’ll prepare your offer and pay $500 of your legal fees.

>> Click here to get the full Property Information Package <<

 

LOCATION DESCRIPTION:

Mayville is a charming, prosperous community about one hour from downtown Milwaukee.  The Mayville Limestone School Museum is located next door.  Downtown Mayville starts on the next block south which includes a popular 24/7 Kwik Trip.

Mayville is a city in Dodge County, Wisconsin located along the Rock River and the Horicon Marsh. The population was 5,154 at the 2010 census.

Mayville is home to several large manufacturing facilities, including plants operated by TAB Products, Mayville Die and Tool, Mayville Products Corporation, Metalcraft, Mayville Engineering Company, Affiliated Products, RCI Engineering and Gleason Reel, a subsidiary of Hubbell Corporation. Dairy farming and other agricultural activities also comprise an important part of the local economy.

Mayville hosts an annual “Audubon Days” festival the first full weekend of October.  Audubon Days is a culmination of Mayville’s historic German roots, with festivities that include bed races, the “Taste of Mayville” food tent, duck races, a parade, kids games/crafts and live music.

Mayville hosted the Wisconsin American Legion Baseball Class A state tournament at Fireman’s Field.  Fireman’s field is widely considered to be one of the finest baseball parks in Wisconsin.  Fireman’s field has become a destination for many high profile sporting events

 

  • Price: $599,000 
  • Area: .85 Acre Lot 
  • Phone Number: 414-875-3079 
  • Space (s.f.): 33,051 SF 
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