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1324-1368 S Main Street

Lake Mills, WI 53551
  • $7,500,000
  • STATUS: Active
  • ON SITE: 174 Days
  • ID#: 1974925
UPDATED: 155 min ago
$7,500,000
  • 0
    BEDS
  • 2.5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Lake Mills - C
Type:
Multi-Family
Built:
2023
County:
Jefferson
Area:
Lake Mills - C

School Information

Elementary School:
Lake Mills
Middle School:
Lake Mills
High School:
Lake Mills
School District:
Lake Mills
School Ratings & Info
Listing provided by Bunbury & Assoc, REALTORS: 608-441-7777

Description

Great investment opportunity - just recently completed 23 Luxury Townhouse multi-family units, built in the PERFECT location in a small town and conveniently located for one's working or playing. Only 30 minutes to downtown Madison and 55 minutes to downtown Milwaukee. Currently 22 of the 23 units or 95% are currently rented. Either for long term passive income 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 conjoined duplexes (5 4-unit buildings & 1 3-unit building). Property borders the Glacial Drumlin Trl, close proximity to schools. Seller assist in terms of finance. Set up a private showing today!

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© 2024 South Central Wisconsin MLS Corporation. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Klodowski Real Estate. Data last updated: 2024-10-10T23:41:47.907.
www.klodowskirealestate.com/homes/149403469
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1324-1368 S Main Street Lake Mills, WI 53551

  • Price: $7,500,000
  • Status: Active
  • On Site: 174 Days
  • Updated: 155 min ago
  • ID#: 1974925
0
Beds
0
Baths
0
½ Baths
2.5
Acres
2023
Built
Neighborhood:
Lake Mills - C
County:
Jefferson
Area:
Lake Mills - C
Elementary School:
Lake Mills
Middle School:
Lake Mills
High School:
Lake Mills
School District:
Lake Mills
Property Description
Great investment opportunity - just recently completed 23 Luxury Townhouse multi-family units, built in the PERFECT location in a small town and conveniently located for one's working or playing. Only 30 minutes to downtown Madison and 55 minutes to downtown Milwaukee. Currently 22 of the 23 units or 95% are currently rented. Either for long term passive income 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 conjoined duplexes (5 4-unit buildings & 1 3-unit building). Property borders the Glacial Drumlin Trl, close proximity to schools. Seller assist in terms of finance. Set up a private showing today!
Exterior Features

Exterior VinylWoodStone Parking Spaces Outside 46 Parking Stalls Inside 46 Type Duplex-side by side2 storyTownhouse style units Unit1 Parking 2 Car Garage Unit2 Parking 2 Car Garage

Interior Features

Basement None Clothes Dryers 0 Clothes Washers 0 Dish Washers 23 Heating Type Forced air Number Of Efficiencies 0 Number Of One Bedrooms 0 Number Of Three Plus Beds 23 Number Of Two Bedrooms 0 Refrigerators 0 Stoves 23 Unit1 Bedroom2 Dim 12x11 Unit1 Bedroom3 Dim 12x10 Unit1 Bedrooms 3 Unit1 Dining Area Dim 12x12 Unit1 Full Baths 2 Unit1 Half Baths 1 Unit1 Kitchen Dim 15x16 Unit1 Living Great Room Dim 12x12 Unit1 Master Bedroom Dim 22x19 Unit1 Other Room Dim 09x07 Unit1 Sq Ft 1895 Unit2 Bedroom2 Dim 13x10 Unit2 Bedroom3 Dim 12x12 Unit2 Bedrooms 3 Unit2 Dining Area Dim 13x12 Unit2 Full Baths 2 Unit2 Half Baths 1 Unit2 Kitchen Dim 21x17 Unit2 Living Great Room Dim 13x12 Unit2 Master Bedroom Dim 26x19 Unit2 Other Room Dim 09x07 Unit2 Other Room2 Dim 20x06 Unit2 Sq Ft 2233 Units With AC 23

Property Features

Association South Central WI Barrier Free Open floor planRamped or level entranceRamped or lvl from garageStall showerLow pile or no carpeting City Town Or Village City County Quarter Jefferson NW Fuel Natural Gas Furnaces 23 Mailing City Lake Mills Miscellaneous Internet - Cable Net Operating Income 430184 Net Taxes 79919 Open House No Park Unit 2 stall garageAttached2 spacesOutside Source Acreage Assessor Tax Year 2023 Terms Misc Seller Financing Total Expenses 140416 Total Income 570600 Unit1 Rent 2200 Unit2 Rent 0 Utilities Separate elec metersSeparate gas metersSeparate water meters Water Heaters 23 Water Softeners 0 Water Waste Municipal waterMunicipal sewer Year Built Source Seller Zoning R3-12

Listing information © 2024 South Central Wisconsin MLS.
Listing provided courtesy of Bunbury & Assoc, REALTORS: .



© 2024 South Central Wisconsin MLS Corporation. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Klodowski Real Estate. Data last updated: 2024-10-10T23:41:47.907.
 
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Klodowski Real Estate
N8053 State Road 33, Suite 2
Beaver Dam WI, 53916
Listing provided by Bunbury & Assoc, REALTORS: 608-441-7777