1220-1248 Prospect Common, Sun Prairie

$2,975,000

0 Beds
0 Baths
0 Sqft
0 Acres
0 Garages

This property provides a rare opportunity for an investor or developer. Each unit is spacious and includes private entry, private garage and finished basement. Buyer can opt to hold this as income property or may be able to potentially sell the units as individual condos. All units are individually metered and have been impeccably maintained w/many updates. See list of improvements. Lease end dates for additional units: 1236-5/24 ($1925), 1240-7/24 ($1925), 1244-6/25 ($2025). 1248 is owner-occupied (rent est. $2200). Units are considered to be identical floor plan and square footage is estimated at 2330 per unit. Other units in the area are renting as high as $2,200. Square footage estimated and should be verified by buyer if essential.

Assist 2 Sell Homes 4 You Realty.

Essential Information
Status Offer-Show
Detailed Status Offer-Show
Days on Market 20
MLS® # 1974742
Price $2,975,000
Year Built 2007
Type Multi Family
Assessed Value $1,762,300
Year Assesed 2023
Net Taxes $28,835
Tax Year 2022
Total Income $192,900
Total Expenses $69,361
Net OP Income $113,894
Utilities Separate elec meters, Separate gas meters, Separate water meters
Parking Per Unit 550,552,556,557,560
Exterior Vinyl, Brick/Stone, Fiber Cement
Community Information
Address 1220-1248 Prospect Common
MLS® Area SUN PRAIRIE - C
County Dane
State WI
Zip Code 53718
School Information
District Sun Prairie
Elementary Horizon
Middle Prairie View
Property Overview
3 Bedroom Units 8
Total Units 8
# of Water Heaters 8
# of Water Softeners 8
Heat Fuel Natural Gas
# of Stoves 8
# of Refrigerators 8
# of Dishwashers 8
Units with AC 8
# of Washers 8
# of Dryers 8
Unit 1 Details
# of Bedrooms 3
# of Full Baths 2
# of Half Baths 2
Lease Expires 10/31/2024
Monthly Rent $1,925
Square Feet 2,330
Parking 2 Car Garage
Landlord Pays Elec No
Landlord Pays Heat No
Landlord Pays W/S No
Unit 2 Details
# of Bedrooms 3
# of Full Baths 2
# of Half Baths 2
Lease Expires 04/30/2025
Monthly Rent $2,000
Square Feet 2,330
Parking 2 Car Garage
Landlord Pays Elec No
Landlord Pays Heat No
Landlord Pays W/S No
Unit 3 Details
# of Bedrooms 3
# of Full Baths 2
# of Half Baths 2
Lease Expires 07/31/2024
Monthly Rent $2,150
Square Feet 2,330
Parking 2 Car Garage
Landlord Pays Elec No
Landlord Pays Heat No
Landlord Pays W/S No
Unit 4 Details
# of Bedrooms 3
# of Full Baths 2
# of Half Baths 2
Lease Expires 07/31/2024
Monthly Rent $1,925
Square Feet 2,330
Parking 2 Car Garage
Landlord Pays Elec No
Landlord Pays Heat No
Landlord Pays W/S No
Additional Information
Zoning Res Income
Short Sale No
REO / Bank Owned No
Property History
Status Changed from Active to Offer-Show
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DISCLAIMER: Information is supplied by seller and other third parties and has not been verified.The IDX information being provided is 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.

Data provided by the South Central Wisconsin MLS as of 05/03/2024.

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