The property has 14 one-bedroom, 20 two-bedroom, and 10 three-bedroom units. The complex, which is being foreclosed on, had an occupancy rate of 90% in October, the most recent month available.
The property generates about $208,272 in annual income and has expenses of $107,462, according to the bid kit on the property. Bids must be presented by 1 p.m. (local time) on March 11 at the Brown County Court House at 601 Oregon St. here.
HUD is requiring the buyer to perform an estimated $453,000 in repairs after closingon the deal, including a new roof and painting the interior.
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