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!
Location City
Other Marketing Area
Mailing City Lake Mills
C/T/V City
Unit #
Directions Hwy 94 To Hwy 89
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
Number of Efficiencies 0
Number of 1 Bedrooms 0
Number of 2 Bedrooms 0
Number of 3+ Bedrooms 23
Total Income 0
Total Expenses 140416
Net Operating Inc 430184
Year
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
Zoning R3-12
Subdivision
Name of Lake/River
Est. Total Acres 2.5
Source for Est. Total Acres PubR
Unit 1
Unit 2
Unit 3
Unit 4
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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
Energy Efficient/Green Features
Water/Waste Municipal sewer, Municipal water
Basement None
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
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