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Key Details
Sold Price $6,110,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Parkmeadow North
MLS Listing ID 1939749
Sold Date 02/28/23
Year Built 2022
Tax Year 2020
Lot Size 7.170 Acres
Acres 7.17
Property Description
GREAT INVESTMENT OPPORTUNITY W/ PORTFOLIO OF 22 SINGLE FAMILY HOMES. Estimated cap rate of 5.66% based on estimated annual rental income of over $500,000. Over $700,000 discount based on current list prices & per unit sale price of $45,000 less than the average home sale price by builder in 2022 in the subdivision. Comes w/ a 1 year builder warranty which will help offset some of the upfront costs & maintenance of your typical rental property. Units will have granite counters in kitchen, some LVT flooring, A/C, white trim & cabinets and either pine or white doors. Some photos shown are of similar plan and are virtually staged. They may show upgrades or different finishes. 3D models/floor plans are estimates and may not be exact. Buyer to verify all dimensions & finish details if important.
Location
State WI
County Rock
Zoning Res
Rooms
Basement Full, Poured Concrete, Sump Pump
Interior
Interior Features High Speed Internet
Heating Natural Gas
Cooling Forced Air
Exterior
Exterior Feature Vinyl, Stone
Garage 2 Car, Attached, Opener Included
Garage Spaces 2.0
Utilities Available Separate Electric Meters, Separate Gas Meters, Separate Water Meters
Building
Sewer Municipal Water, Municipal Sewer
New Construction Y
Schools
Elementary Schools Call School District
Middle Schools Turner
High Schools Turner
School District Beloit Turner
Others
Special Listing Condition Arms Length
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Bought with Best Realty of Edgerton