Available Properties

Thomas J Scharpf Broker/Owner - Mobile (920) 379-0744 - tthomasjamesrealestate@gmail.com

Debra D Scharpf Owner - Mobile (920) 379-2591 - dthomasjamesrealestate@gmail.com

Website - tjrsite.com - Fax (920) 233-9809

Northeast Wisconsin Expertise - Nationwide Marketing Services

Northeast Wisconsin Expertise - Nationwide Marketing Services

1416/1420 Maricopa Dr, Oshkosh
1416/1420 Maricopa Dr, Oshkosh
  • Property Description

FOR SALE - 1416/1420 MARICOPA DRIVE, OSHKOSH (Parcel # 1314890000)

Nice Westside Location-Very Near Commercial Districts 

Listed Price $445,000

One Hundred Percent Occupancy at Time of Listing the Property

Lot Size 24,294 SF - .5577 Acres

There is a $20,925.89 Assessment on the Property. The City of Oshkosh Had Curbs and Sidewalks Constructed In 2018. These Assessments Will be Paid by the Seller No Later Than Closing of the Property.

The Parking Lot is Shared with the Multi-Family Property to the South of 1420 Maricopa Drive

There Was A Boundary Line Dispute with the Neighbor to the North.  This was Resolved in 1996.  Title work will confirm this.


1416 Maricopa Drive - Built In 1996

One Coin Operated Washer and Dryer in the Building

One Dehumidifier in the Building

Landlords Provides Heat.  The Tenants in the Two Upper Apartments Have Separate Water and Electric Meters and These Tenants Pay Water and Electric. The Apartment on the Ground Floor Landlord Pays the Water and Tenant Pays Electric.

3-2 Bedrooms-With 3 Deep Attached Garages-With Power Garage Door Openers

3 Assigned Parking Stalls

Each Unit Has A Stove and Refrigerator

Current Rents: $610.00-$565.00-$670.00 ($1,845 Monthly) ($22,140 Annually)


1420 Maricopa Drive - Built In 1977

New Roof Installed in 2014

One Coin Operated Washer and Dryer in the Basement

Six Storage Units in the Basement

One Dehumidifier in the Building

Units A, B, C & D Have Separate Electric and Water Meters and Tenants Pay These Utilities.  Heat in These 4 Units is Electric and Paid by Tenants. Unit E is in the Basement and Landlord Pays Electric, Heat and Water.

4-2  Bedrooms-With Four Assigned Parking Stalls – 1 Bedroom Studio-With One Assigned Parking Stall

Each Unit Has A Stove and Refrigerator                  

Current Rents: $525.00-$525.00-$ $460.00-$460.00-$460.00 ($2,430 Monthly) ($29,160.00 Annually)


Projected Annual Rents $51,300.00 (100% Occupancy) Projected Laundry Income $2,400.00
Total Projected Income $53,700.00

Projected Annual Expenses-Utilities $3,818.00-Maintenance $829.00-Repairs-$1,345.00-2017 Real Estate Taxes $8.605.36
Total Projected Expenses $14,597.36

Net Operating Income $39,102.64 - Asking Price $445,000 – Cap Rate 8.8

A Calculation for A Management Fee, Reserves and Longer-Term Vacancy is Not Included

 

THOMAS J SCHARPF was granted a license to practice as a REAL ESTATE BROKER in the State of Wisconsin in accordance with Wisconsin Law on the 19th day of June in the year 2006. License NO. 53835-90.

THOMAS JAMRES REAL ESTATE, LLC a business entity, was granted a license as a REAL ESTATE BUSINESS ENTITY in the State of Wisconsin in accordance with Wisconsin Law on the 20th day of June in the year 2006. License NO. 701492-91.

The Property Information Above Is Obtained From Sources Deemed Reliable.  We have Not Verified Its Accuracy And Make No Promises, Representations, Warranties Or Guarantees About This Information.  It Is Submitted With The Possibility Of Errors And Omissions.

WISCONSIN REALTORS® ASSOCIATION
4801 Forest Run Road, Madison, Wisconsin 53704
  Thomas James  Real Estate, LLC
Effective July 1, 2016

DISCLOSURE TO NON-RESIDENTIAL CUSTOMERS
  1. Prior to negotiating on your behalf the brokerage firm, or an agent associated with the firm, must provide you the
  2. following disclosure statement:
  3. DISCLOSURE TO CUSTOMERS You are a customer of the brokerage firm (hereinafter Firm).  The Firm is either an agent
  4. of another party in the transaction or a subagent of another Firm that is the agent of another party in the transaction. A
  5. broker a salesperson acting on behalf of the Firm, may provide brokerage services to you.  Whenever the Firm is
  6. providing brokerage services to you, the Firm and its brokers and salesperson (hereinafter Agents) owe you, the
  7. customer, the following duties:
  8. (a) The duty to provide brokerage services to you fairly and honestly.
  9. (b) The duty to exercise reasonable skill and care in providing brokerage services to you.
  10. (c) The duty to provide you with accurate information about market conditions within a reasonable time if you request
  11. it, unless disclosure of the information is prohibited by law.
  12. (d) The duty to disclose to you in writing certain Material Adverse Facts about a property, unless disclosure of the
  13. information is prohibited by law (See Lines 42-51).
  14. (e) The duty to protect your confidentiality. Unless the law requires it, the Firm and its Agents will not disclose your
  15. confidential information or the confidential information of other parties (See Lines 23-41).
  16. (f) The duty to safeguard trust funds and other property held by the Firm or its Agents.
  17. (g) The duty, when negotiating, to present contract proposals in an objective and unbiased manner and disclose the
  18. advantages and disadvantages of the proposals.
  19. Please review this information carefully.  An agent of the Firm can answer your questions about brokerage services,
  20. but if you need legal advice, tax advice, or a professional home inspection, contact an attorney, tax advisor, or home
  21. inspector. This disclosure is required by section 452.135 of the Wisconsin statutes and is for information only. It is a
  22. plain-language summary of the duties owed to a customer under section 452.133 (1) of the Wisconsin statutes.
  23. CONFIDENTIALITY NOTICE TO CUSTOMERS The Firm and its Agents will keep confidential any information given to the
  24. Firm or its Agents in confidence, or any information obtained by the Firm and its Agents that a reasonable person
  25. would want to be kept confidential, unless the information must be disclosed by law or you authorize the Firm to
  26. disclose particular information. The Firm and its Agents shall continue to keep the information confidential after the
  27. Firm is no longer providing brokerage services to you.
  28. The following information is required to be disclosed by law:
  29. 1. Material Adverse Facts, as defined in Wis. Stat. § 452.01 (5g) (see lines 42-51),
  30. 2. Any facts known by the Firm or its Agents that contradict any information included in a written inspection
  31. report on the property or real estate this is the subject of the transaction.
  32. To ensure that the Firm and its Agents are aware of what specific information you consider confidential, you may
  33. list that information below (see lines 35-41) or provide that information to the Firm or its Agents by other means. At a
  34. later time, you may also provide the Firm or its Agents with other Information you consider to be confidential.
  35. CONFIDENTIAL INFORMATION: __________________________________________________________________________
  36. ___________________________________________________________________________________________________
  37. ___________________________________________________________________________________________________
  38. NON-CONFIDENTIAL INFORMATION (The following information may be disclosed by Firm and its Agents):________________
  39. ___________________________________________________________________________________________________
  40. ___________________________________________________________________________________________________
  41. ___________________________(Insert information you authorize to be disclosed, such as financial qualification information.)
  42. DEFINITION OF MATERIAL ADVERSE FACTS
  43. A "Material Adverse Fact" is defined in Wis. Stat. § 452.01(5g) as an Adverse Fact that a party indicates is of such
  44. significance, or that is generally recognized by a competent licensee as being of such significance to a reasonable
  45. party, that it affects or would affect the party's decision to enter into a contract or agreement concerning a transaction
  46. or affects or would affect the party's decision about the terms of such a contract or agreement.
  47. An "Adverse Fact" is defined in Wis. Stat. § 452.01 (1e) as a condition or occurrence that a competent licensee
  48. generally recognizes will significantly and adversely affect the value of the property, significantly reduce the structural
  49. integrity of improvements to real estate, or present a significant health risk to occupants of the property; or information
  50. that indicates that a party to a transaction is not able to or does not intend to meet his or her obligations under a
  51. contract or agreement made concerning the transaction.
  52. NOTCE ABOUT SEX OFFENDER REGISTRY You may obtain information about the sex offender registry and persons
  53. registered with the registry by contacting the Wisconsin Department of Corrections on the Internet at:
  54. http://www.doc.wi.gov or by phone at 608-240-5830.
No representation is made as to the legal validity of any provision or the adequacy of any provision in any specific transaction.
Copyright 2016 by Wisconsin REALTORS® Association Drafted by: Attorney Debra Peterson Conrad
Thomas James Real Estate, LLC
2390 State Road 44 Suite B
Oshkosh, WI 54904
Phone: (920) 379-0744 Fax: (920) 233-9809