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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.
| LAST UPDATED | 10/8/2024 | YEAR BUILT | 1940 |
|---|---|---|---|
| COUNTY | Waukesha | STATUS | Sold |
| PROPERTY TYPE(S) | Multi Family |
| Jr. High School | Templeton |
|---|---|
| High School | Hamilton |
| ADDITIONAL DETAILS | |
| BASEMENT | Crawl Space, Yes |
|---|---|
| CONSTRUCTION | Vinyl Siding |
| LOT | 5.29 acre(s) |
| SEWER | Septic Tank |
| WATER | Private, Well |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
Listed with Shorewest Realtors, Inc.
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