1040 7th Avenue, Baldwin, WI 54002 (MLS# 7049318)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1900
Yearly/Seasonal: Yearly
Main Floor Total SqFt: 1475
Above Ground SqFt: 2950
Total SqFt: 2950
Foundation Size: 1400
Style: (MF) Four Plex
Total Finished Sqft: 2950.00
Lot Dimensions: 40 x 130
Acres: 0.1
Below Grd Total SqFt: 0
Garage Stalls: 0

Property Features

Accessible: None Amenities Shared: None Assumable Loan: Not Assumable Basement: Drain Tiled; Partial; Poured Concrete; Unfinished Construction Materials: Frame Construction Status: Previously Owned Electric: Circuit Breakers Existing Financing: Free and Clear Exterior: Vinyl Fencing: None Foundation: Stone Fuel: Natural Gas Heating: Baseboard; Space Heater Laundry: None Lock Box Type: None Lot Description: Tree Coverage - Light Owner Pays: Insurance; Lawn; Repairs; Sewer; Snow Removal; Taxes; Trash Collection; Water Pool Description: None Rental License Type: Standard Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age Over 8 Years; Asphalt Shingles; Pitched Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Stories: Two Tenant Pays: Broadband; Electricity; Gas; Heat Topography: Level Unit 1 Appliances: Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: None Unit 1 Dining Room Description: Eat In Kitchen Unit 2 Appliances: Range; Refrigerator Unit 2 Bath Description: Main Floor Full Bath Unit 2 Cooling: None Unit 2 Dining Room Description: Eat In Kitchen Unit 3 Appliances: Range; Refrigerator Unit 3 Bath Description: Upper Level Full Bath Unit 3 Cooling: None Unit 3 Dining Room Description: Eat In Kitchen Unit 4 Appliances: Range; Refrigerator Unit 4 Bath Description: Upper Level Full Bath Unit 4 Cooling: None Unit 4 Dining Room Description: Eat In Kitchen Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 315000
ListPrice: 315000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 1040
Street Name: 7th
Street Suffix: Avenue
Postal City: Baldwin
County: St. Croix
State: WI
Zip Code: 54002
Complex/Dev/Subdivision: Baldwin

Assessments

Tax With Assessments: 4806
Assessment Balance: 0
Assessment Installment: 0

Building Information

Finished SqFt Above Ground: 2950

More Information

Income and Expenses

Annual Gross Expenses: 15167
Annual Gross Income: 35280
Annual Insurance Expense: 3000
Annual Maintenance Expense: 1600
Annual Net Income: 20113
Annual Repair Expense: 1000
Annual Trash Expense: 900
Annual Water/Sewer Expense: 2560
Total Annual Expenses: 15167
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Misc Monthly Income: 0
Misc. Annual Income: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 16W
Section#: 30
Township#: 29N

Unit 1

Furnished?: No
Lease Expiration Date: 2026-11-25
Leased?: Yes
Level: Main Level
Unit Number: Yes
Annual Rent: 7980
Finished SqFt: 650
Full Baths: Yes
Monthly Rent: 665
No. of Units Like This: Yes
Oth Parking Spaces: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 4

Unit 2

Furnished?: No
Lease Expiration Date: 2026-06-30
Leased?: Yes
Level: Main Level
Unit Number: 2
Annual Rent: 9300
Finished SqFt: 650
Full Baths: Yes
Monthly Rent: 775
No. of Units Like This: Yes
Oth Parking Spaces: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 4

Unit 3

Furnished?: No
Lease Expiration Date: 2027-04-25
Leased?: Yes
Level: 2nd Level
Unit Number: 3
Annual Rent: 9600
Finished SqFt: 650
Full Baths: Yes
Monthly Rent: 800
No. of Units Like This: Yes
Oth Parking Spaces: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 4

Unit 4

Furnished?: No
Lease Expiration Date: 2026-06-30
Leased?: Yes
Level: 2nd Level
Unit Number: 4
Annual Rent: 8400
Finished SqFt: 800
Full Baths: Yes
Monthly Rent: 700
No. of Units Like This: Yes
Oth Parking Spaces: 2
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit Details

Total Units: 4

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

Legal Description: ORIG. PLAT NORTH 15 FT OF LOT 6; ALSO SOUTH 48 1/2 FT OF LOT 1; IN BLK 2
Listing City: Baldwin
Map Page: 999
Municipality: Baldwin
School District: Baldwin-Woodville Area
School District Phone: 715-684-3411
Zip Plus 4: 8632
Property ID Number: 106100740000
Tax Year: 2026
Tax Amount: 4806
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Baldwin apartments is a fully stabilized 4-unit located a block off the busy main street. With it being 100% occupied this property is easy to keep full offering one & two bedroom units. All residents pay for their own unit electric and gas for heat. The owner just pays for water and trash. Built around the turn of the century the units are spacious and have some original hardwood floors, original trim, and tall ceilings. A lot of newer vinyl replacement windows. Plenty of off-street parking on the side of the property. Rents are currently below market and have room to organically improve! Net operating income $20,113+
Directions: Hwy. 94 to Baldwin exit and go north to Main Street / go east to 7th and south 1/2 a block to 4-plex

Accessible

None: Yes

Amenities Shared

None: Yes

Assumable Loan

Not Assumable: Yes

Basement

Drain Tiled: Yes
Partial: Yes
Poured Concrete: Yes
Unfinished: Yes

Construction Materials

Frame: Yes

Construction Status

Previously Owned: Yes

Electric

Circuit Breakers: Yes

Existing Financing

Free and Clear: Yes

Exterior

Vinyl: Yes

Fencing

None: Yes

Foundation

Stone: Yes

Fuel

Natural Gas: Yes

Heating

Baseboard: Yes
Space Heater: Yes

Laundry

None: Yes

Lock Box Type

None: Yes

Lot Description

Tree Coverage - Light: Yes

Owner Pays

Insurance: Yes
Lawn: Yes
Repairs: Yes
Sewer: Yes
Snow Removal: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Pool Description

None: Yes

Rental License Type

Standard: Yes

Road Frontage

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age Over 8 Years: Yes
Asphalt Shingles: Yes
Pitched: Yes

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Topography

Level: Yes

Water

City Water/Connected: Yes

No. of Ranges

One Per Unit: Yes

No. of Refrigerators

One Per Unit: Yes

Tenant Pays

Broadband: Yes
Electricity: Yes
Gas: Yes
Heat: Yes

Unit 1 Appliances

Range: Yes
Refrigerator: Yes

Unit 1 Bath Description

Main Floor Full Bath: Yes

Unit 1 Cooling

None: Yes

Unit 1 Dining Room Description

Eat In Kitchen: Yes

Unit 2 Appliances

Range: Yes
Refrigerator: Yes

Unit 2 Bath Description

Main Floor Full Bath: Yes

Unit 2 Cooling

None: Yes

Unit 2 Dining Room Description

Eat In Kitchen: Yes

Unit 3 Appliances

Range: Yes
Refrigerator: Yes

Unit 3 Bath Description

Upper Level Full Bath: Yes

Unit 3 Cooling

None: Yes

Unit 3 Dining Room Description

Eat In Kitchen: Yes

Unit 4 Appliances

Range: Yes
Refrigerator: Yes

Unit 4 Bath Description

Upper Level Full Bath: Yes

Unit 4 Cooling

None: Yes

Unit 4 Dining Room Description

Eat In Kitchen: Yes