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1040 7th Ave 4 Unit Apartment Building $429,553 CAD ($107,388 CAD/Unit) 8.89% Cap Rate Baldwin, WI 54002
Investment Highlights
- All Newer Windows
- Tenants pay for their own electric and gas heat / Owner just pays water & trash
- Brand New Exterior Siding on the north side
Executive Summary
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+
Data Room Click Here to Access
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$46,746
|
$17.98
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$46,746
|
$17.98
|
| Taxes |
$6,554
|
$2.52
|
| Operating Expenses |
$14,128
|
$5.43
|
| Total Expenses |
$20,681
|
$7.95
|
| Net Operating Income |
$26,065
|
$10.02
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $46,746 |
| Annual Per SF | $17.98 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $46,746 |
| Annual Per SF | $17.98 |
| Taxes (CAD) | |
|---|---|
| Annual | $6,554 |
| Annual Per SF | $2.52 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $14,128 |
| Annual Per SF | $5.43 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $20,681 |
| Annual Per SF | $7.95 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $26,065 |
| Annual Per SF | $10.02 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $1,125 CAD | 650 |
| 2+1 | 1 | $1,398 CAD | 800 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 106-1007-40-000 | Total Assessment | $323,460 CAD (2025) |
| Land Assessment | $28,910 CAD (2025) | Annual Taxes | $6,554 CAD ($2.22 CAD/SF) |
| Improvements Assessment | $294,551 CAD (2025) | Tax Year | 2026 Payable 2026 |
Property Taxes
Parcel Number
106-1007-40-000
Land Assessment
$28,910 CAD (2025)
Improvements Assessment
$294,551 CAD (2025)
Total Assessment
$323,460 CAD (2025)
Annual Taxes
$6,554 CAD ($2.22 CAD/SF)
Tax Year
2026 Payable 2026
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1040 7th Ave
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