1324-1368 S Main Street, Lake Mills

$7,500,000

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0 Beds
0 Baths
0 Sqft
0 Acres
0 Garages

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 21 of the 23 units or 91% 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 Trail, close proximity to schools, parks, golf course & downtown. Set up a private showing today!

Bunbury & Assoc, REALTORS.

Essential Information
Status Active
Detailed Status Active
Days on Market 14
MLS® # 1974925
Price $7,500,000
Year Built 2023
Type Multi Family
Assessed Value $3,553,500
Year Assesed 2024
Net Taxes $131,113
Tax Year 2023
Total Income $710,400
Total Expenses $194,993
Net OP Income $518,788
Utilities Separate water meters, Separate elec meters, Separate gas meters
Parking Per Unit 550,551,556,557
Exterior Stone, Vinyl, Wood
Community Information
Address 1324-1368 S Main Street
MLS® Area LAKE MILLS - C
City Lake Mills
County Jefferson
State WI
Zip Code 53551
School Information
District Lake Mills
Elementary Lake Mills
Middle Lake Mills
High Lake Mills
Property Overview
3 Bedroom Units 23
Total Units 23
# of Water Heaters 23
Heat Fuel Natural Gas
# of Stoves 23
Units with AC 23
Unit 1 Details
# of Bedrooms 3
# of Full Baths 2
# of Half Baths 1
Lease Expires N/A
Monthly Rent $2,200
Square Feet 1,895
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 1
Lease Expires N/A
Square Feet 2,233
Parking 2 Car Garage
Landlord Pays Elec No
Landlord Pays Heat No
Landlord Pays W/S No
Additional Information
Zoning R3-12
Barrier Free Open floor plan, Ramped or level entrance, Ramped or lvl from garage, Stall shower, Low pile or no c
Short Sale No
REO / Bank Owned No
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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 04/29/2024.

Copyright 2024 – (South Central Wisconsin MLS) – All Rights Reserved

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