925 W Gorman St

Elkhorn, WI
$ 655,000 Beds 6 Baths 3 Sq 2,558
Monthly Estimate* How much can I afford?

NO SHOWINGS BEFORE 11/30/21 32 unit apartment complex in Elkhorn. 16-1 bedroom, 14-2 bedroom, 2-3 bedroom units. Tenants pay electric heat. Large 2.5 acre lot. 4 washers and 4 dryers are leased. Property is in the USDA Rural Development Low Income Housing Program. Property is required to stay in the RD program until 12/6/2033. This RD program allows renting only to low income tenants. Rents are controlled. Profits limited to $3,304 per year. Must be professionally managed. Purchase: NO NEW LOANS can be taken on this property. Buyer assumes current mortgage of (approx. $17K balance) and brings cash to closing equal to difference between purchase price and mortgage balance. See documents for details.

Multi-Family

  • Price
  • $ 655,000
  • Lot Size
  • 2.58 Acres
  • Bedrooms
  • 6
  • Sqr Footage
  • 2,558
  • Full Bathrooms
  • 3
  • Year Built
  • 1983
  • Half Bathrooms
  • 0
  • City, Zip
  • Elkhorn
  • Taxes
  • $ 6096
  • County
  • WALWORTH
  • Style
  • Area
  • ELKHORN - C
  • MLS#
  • 1923893
  • Zip
  • 53121
Listing Provided by: Century 21 Affiliated Pfister
Data Source: South Central Wisconsin MLS (SCWMLS) - 258 - WI

Features

General

Basement None, Poured concrete foundatn
Class Multi Family
County Walworth
County Qtr Section Walworth NW
Directions From Hwy 11 in Elkhorn go north on West St and then right on W Gorman St
Heating Electric
Open House Date No
School District Elkhorn
Street Name Gorman St
Tax Year 2020
Utilities Separate elec meters
Year Built 1983
Zoning RM-2

Interior Features

Heating Type Radiant
Total Number of Units 32

Exterior Features

Latitude 42.670749
Longitude -88.560362
Photo Count 23
Exterior Brick, Wood

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Madison, WI office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 2.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Call School District Elementary School
Middle School Elkhorn Area Middle School
High School Elkhorn Area High School

Price History

11/16/2021 Listed $655,000

Property vs Zip Code Average in 53121

Price
AVG $660K
$660K
Taxes
AVG $6,096
$6,096
Visits
AVG 4
3
Year Built
AVG 1924
1983

Map

Areas That We Cover

925 W Gorman St Elkhorn, WI is a Single Family Home for sale at $655000 with 2558 sqft and a lot size of 2.58 Acres Acre(s). 925 W Gorman St Elkhorn has 6 bedrooms, 3 baths and was built in 1983. The property's zip code is 53121 which is in Elkhorn, WI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 2.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.