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40 & 50 Main Street Platteville 40 & 50 Main Street street 9 Unit Apartment Building $1,053,834 CAD ($117,093 CAD/Unit) 8% Cap Rate Platteville, WI 53818
Investment Highlights
- main street convenient location
- 7 apartments, 2 store fronts
Executive Summary
Fully occupied with a CAP RATE OF 8.00%. Turnkey downtown investment opportunity delivering immediate cash flow and minimal future capital needs. This mixed-use property in Platteville features two Main Street retail storefronts and seven upper-level apartment units offering a mix of one- and two-bedroom layouts. Gross operating income is approximately $85,800 annually. Recent 2026 capital improvements include new gas furnaces, hot water heaters, and a new GAF roof system. Apartment interiors have been updated with newer flooring, paint, and some appliances. Includes two rear off-street parking spaces plus convenient Main Street parking.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$120,575
|
$11.97
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$120,575
|
$11.97
|
| Taxes |
$16,147
|
$1.60
|
| Operating Expenses |
$20,155
|
$2.00
|
| Total Expenses |
$36,302
|
$3.60
|
| Net Operating Income |
$84,273
|
$8.37
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $120,575 |
| Annual Per SF | $11.97 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $120,575 |
| Annual Per SF | $11.97 |
| Taxes (CAD) | |
|---|---|
| Annual | $16,147 |
| Annual Per SF | $1.60 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $20,155 |
| Annual Per SF | $2.00 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $36,302 |
| Annual Per SF | $3.60 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $84,273 |
| Annual Per SF | $8.37 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
1 1
Very walkable
80/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Total Assessment | $1,031,618 CAD | |
| Land Assessment | $80,595 CAD | Annual Taxes | $16,147 CAD ($1.60 CAD/SF) |
| Improvements Assessment | $951,023 CAD | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$80,595 CAD
Improvements Assessment
$951,023 CAD
Total Assessment
$1,031,618 CAD
Annual Taxes
$16,147 CAD ($1.60 CAD/SF)
Tax Year
2025
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40 & 50 Main Street Platteville | 40 & 50 Main Street street
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