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Key Details
Sold Price $1,300,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 9,360 sqft
Price per Sqft $138
MLS Listing ID 1888464
Sold Date 10/04/24
Style Other
Year Built 1940
Annual Tax Amount $7,581
Tax Year 2023
Lot Size 5.290 Acres
Acres 5.29
Property Description
This tremendous Multi-Family property generates cash flow with 9.5 cap rate, low vacancy and sits on 5.29 acres in the Town of Lisbon. The property consists of 5 buildings (14 units) & 36 outside parking spaces. Units w/similar layouts include; living room, kitchen, dining area, 2 BRs & 1 BA. Since 2020 seller has done extensive updates on the property including; new roof on all buildings (2023), updated approx. 12 units with new cabinets, appliances, countertops, flooring, bathrooms, new asphalt for parking lots, 1 new septic system & many units w/new mechanicals, windows, & all exterior doors. Property has potential for more development w/5.29 acres of land & rent increase. Tenants pay gas, electric & heat. Great location & minutes from shopping, entertainment & the freeway system.
Location
State WI
County Waukesha
Zoning Multi Family
Rooms
Basement Crawl Space Only
Interior
Heating Natural Gas
Cooling Forced Air
Equipment Seller Owned: Water Heater
Exterior
Exterior Feature Vinyl
Building
Sewer Well, Private Septic System
New Construction N
Schools
Middle Schools Templeton
High Schools Hamilton
School District Hamilton
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Bought with RE/MAX Lakeside-Central