Presented by...
Tom Bunbury
Mobile: (608) 692-7777
Work: (608) 441-7777
[email protected]

1324-1368 S Main Street,  Lake Mills,  WI  53551 $7,500,000 Active
1324-1368 S Main Street,  Lake Mills,  WI  53551
$7,500,000
Active
More Photos
 Property Type Multi Family
 Parcel # 246-0713-2422-012
 County Jefferson
 Sub Area K13
 Municipality Lake Mills
 MLS# 1974925
 Listing Date 04/15/2024

MLS Public Remarks  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 22 of the 23 units or 95% 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 Trl, close proximity to schools. Seller assist in terms of finance. Set up a private showing today!
Documents and Related Links  
1) 2+1 Unit Rendering
2) 2x2 Unit Rendering
3) Plat Map with Addresses
4) Plat Map
5) Seller Disclosure Report
6) Rent Financials
7) Annual Financials
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Lake Mills
  • C/T/V  City
  • Unit #  
  • Directions  Hwy 94 To Hwy 89
    • BUILDING INFO  
  • Number of Units  23
  • Year Built  2023
  • # Furnaces  23
  • Heating Type  ForcAir
  • Heating Fuel  Nat Gas
  • # Water Heaters  23
  • # Water Softeners  0
  • # Stoves  23
  • # Refrigerators  0
  • # Dish Washers  23
  • # Washers  0
  • # Dryers  0
  • # Units w/AC  23
    • TOTAL UNITS BY TYPE  
  • Number of Efficiencies  0
  • Number of 1 Bedrooms  0
  • Number of 2 Bedrooms  0
  • Number of 3+ Bedrooms  23
    • ANNUAL INCOME/EXPENSES  
  • Total Income  0
  • Total Expenses  140416
  • Net Operating Inc  430184
  • Year  
    • ASSESSMENT/SCHOOLS   
  • School District  Lake Mills
  • High School  Lake Mills
  • Middle  Lake Mills
  • Elementary  Lake Mills
  • Land Assessment  $127,600
  • Improvements  $3,425,900
  • Total Assessment  $3,553,500
  • Net Taxes  $79,919
  • Assessment Year  2024
  • Tax Year  2023
  • Owner  
    • LOT DESCRIPTION  
  • Zoning  R3-12
  • Subdivision  
  • Name of Lake/River  
  • Est. Total Acres  2.5
  • Source for Est. Total Acres  PubR
    • UNIT INFORMATION  
  • Unit 1  
  • Unit 2  
  • Unit 3  
  • Unit 4  
    • Landlord Pays
    Unit Bedrooms Full Baths Half Baths Lease Expiration Date Month Rent Fin Sq.Ft Parking Elec Heat W/S
    1 3 2 1 N/A $2200 1,895 2 Car Garage No No No
    2 3 2 1 N/A $0 2,233 2 Car Garage No No No
    3 0 0 0 - $0 0 - - - -
    4 0 0 0 - $0 0 - - - -
    Items Included 23 Stoves, 23 Microwaves, 23 Dishwashers, 23 Refrigerators, 23 Washers, & 23 Dryers
    Items Excluded  Water Softeners
    INTERIOR FEATURES  
  • Energy Efficient/Green Features  
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  None
    • EXTERIOR FEATURES  
  • Type   2 story, Duplex, Townhouse style units
  • Parking per Unit  2 Car garage, 2 spaces, Attached, Outside
  • Barrier-free Features  Low pile or no carpeting, Open floor plan, Ramped or level entrance, Ramped or lvl from garage, Stall shower
  • Exterior  Stone, Vinyl, Wood
  • Waterfront  
  • Terms  Seller
    • OTHER FEATURES  
  • Utilities  Sep elec meters each unit, Sep gas meters each unit, Separate water meters
  • Legal Documents  
  • Miscellaneous  Internet - Cable



    • Above Information Deemed Reliable, But Not Guaranteed