Overview

Listing ID:#20174732

Building SF:47,303

Parcel Size:2.58 Acres

Price:$7,500,000

Building PSF:$158.55

Property Type:Multi-Family

Date Available:Now

23 New Townhouses

Great investment opportunity - just recently completed 23 Luxury Townhouse multi-family units, built in the PERFECT location in a small town with great schools and conveniently located for one's working or playing. Only 30 minutes to downtown Madison and 55 minutes to downtown Milwaukee. Currently 21 of the 23 units or 91 % are currently rented. Either for long term passive income with 6.92 % Cap. OR for the investor that wants a quick high return with selling each individual unit. Seller was approved by City of Lake Mills for final condo plat for individual home sales (seller will record condo plat prior to closing). Buildings are and 1 3-unit building). Property borders the Glacial Drumlin Trail, close proximity to schools, parks, golf course & downtown. Set up a private showing today! Hwy 94 to Hwy 89 This is a GREAT opportunity to buy 23 new constructed homes and ADD 15-20% to resale for a quick return!!!! Please see associated docs for financials.

Financial Information

Gross Income:$710

Total Expenses:$194

Net Op. Income:$518

Cap Rate:6.92%

Current Tenants:21

Percent Leased:91%

Real Estate Taxes:$131

Tax Year:2023

Building Details

Building Type:Condominium

Building Status:Existing

Year Built:2023

Year Renovated:2023

Current Use:Townhouse

Number of Floors:2

Number of Units:23

Number of Restrooms:46

Zoning:R3-12

Outside Parking:Yes

Outside Parking per 1,000 sf:0

Inside Parking:Yes

Municipal Sewer:Yes

Municipal Water:Yes

Cable:Yes

Bus Line:Yes

Contact Listing Agent

Steve Forrer

608-852-0735
608-852-0735

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