MLS Public Remarks 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.
Location City
Other Marketing Area
Mailing City Sun Prairie
C/T/V City
Unit #
Directions From U.s. 151, Exit North On Reiner Rd. Turn Left On Prairie Lakes Dr. And Continue Straight Onto Triumph Dr. Turn Left Onto Prospect Commons.
Real estate for sale Yes
Business for sale No
For lease only No
Ann. Rent/SqFt $10
Total Units/Bldg 8
Building Gross SqFt 18,640
Net Leasable SqFt 18,640
Year Built 2007
Source for Year Built PubR
Approx Bldg Dimen 99x99
Street Frontage 215
Parking Fees/Mo. $0
Onsite Parking 16
# of Stories 2
Ceiling Height Min 8
Ceiling Height Max 8
Number of Loading Docks 0
Zoning res income
Est. Total Acres 0.57
Source Of Est Acres PubR
Lot Dimensions
Owner
Tradename
Land Assessment $176,000
Assessment Year 2023
Net Taxes $28,835
Tax Year 2022
Improvements $1,586,300
Total Assessment $1,762,300
Income/Expenses Year $2,023
Gross Operating Income $192,900
Annual Operating Exp $69,361
Net Operating Income $113,894
| Unit |
Lease Type |
Lease Exp. Date |
Renewal Option |
Base Annual Rent |
Annual Rent/SqFt |
Other Fees/SqFt |
Gross SqFt |
| 1 |
Annual |
10/2024 |
0 |
$1,925 |
$10 |
$0 |
2,330 |
| 2 |
Annual |
4/2025 |
0 |
$2,000 |
$10 |
$0 |
2,330 |
| 3 |
Annual |
7/2024 |
0 |
$2,150 |
$11 |
$0 |
2,330 |
Items Included Refrigerator (8), Range/oven (8), Washer (8), Dryer (8), Water Softener (8).
Items Excluded Tenants' and Seller's personal property.
Heating/Cooling Central air, Forced air
Water/Waste Municipal sewer, Municipal water
Basement Full, Poured concrete foundatn
Fuel Natural gas
Seating Capacity
Type Apartment building
Exterior Treatment Brick, Fiber cement, Vinyl
Building Parking 11-20 spaces, Enclosed, Onsite, Paved
Roofing Composition
Terms/Option
Miscellaneous Internet - Cable
Documents on File Property Condition Report
Location Corner, Near Major Highway, Near public transportatn, Residential area
Tenant Pays Air Conditioning, Electric, Heat, Sewer, Water
Present Use Apartment building
Licenses
Lease Type Annual
Occupied by Tenant(s)
Sale Includes N/A
Features
Above Information Deemed Reliable, But Not Guaranteed
Listing Courtesy of Assist 2 Sell Homes 4 You Realty
