MLS Public Remarks GREAT INVESTMENT OPPORTUNITY W/ PORTFOLIO OF 22 SINGLE FAMILY HOMES. Estimated cap rate of 5.66% based on estimated annual rental income of over $500,000. Over $700,000 discount based on current list prices & per unit sale price of $45,000 less than the average home sale price by builder in 2022 in the subdivision. Comes w/ a 1 year builder warranty which will help offset some of the upfront costs & maintenance of your typical rental property. Units will have granite counters in kitchen, some LVT flooring, A/C, white trim & cabinets and either pine or white doors. Some photos shown are of similar plan and are virtually staged. They may show upgrades or different finishes. 3D models/floor plans are estimates and may not be exact. Buyer to verify all dimensions & finish details if important.
Location City
Other Marketing Area
Mailing City Beloit
C/T/V City
Unit #
Directions Prairie Ave, E On W Hart Rd, S On Claremont Dr
Number of Units 22
Year Built 2022
# Furnaces 22
Heating Type ForcAir
Heating Fuel Nat Gas
# Water Heaters 22
# Water Softeners 0
# Stoves 22
# Refrigerators 0
# Dish Washers 22
# Washers 0
# Dryers 0
# Units w/AC 22
Number of Efficiencies 0
Number of 1 Bedrooms 0
Number of 2 Bedrooms 0
Number of 3+ Bedrooms 22
Total Income 0
Total Expenses 0
Net Operating Inc 0
Year
School District Beloit Turner
High School Turner
Middle Turner
Elementary Call School District
Land Assessment $0
Improvements $0
Total Assessment $0
Net Taxes $0
Assessment Year 2020
Tax Year 2020
Owner
Zoning Res
Subdivision Parkmeadow North
Name of Lake/River
Est. Total Acres 7.17
Source for Est. Total Acres PubR
Unit 1 Air conditioning, Balcony/patio, Dining room, Dishwasher, In-unit laundry, Individual heat control, Master bedroom bath, Pantry, Private Basement, Range/oven, Wood or sim. wood floor
Unit 2 Air conditioning, Balcony/patio, Dining room, Dishwasher, In-unit laundry, Individual heat control, Master bedroom bath, Pantry, Private Basement, Range/oven, Wood or sim. wood floor
Unit 3 Air conditioning, Balcony/patio, Dishwasher, Eat-in kitchen, In-unit laundry, Individual heat control, Master bedroom bath, Pantry, Private Basement, Range/oven, Wood or sim. wood floor
Unit 4 Air conditioning, Balcony/patio, Dishwasher, Eat-in kitchen, In-unit laundry, Individual heat control, Master bedroom bath, Pantry, Private Basement, Range/oven, Wood or sim. wood floor
|
|
|
|
|
|
|
|
Landlord Pays |
| Unit |
Bedrooms |
Full Baths |
Half Baths |
Lease Expiration Date |
Month Rent |
Fin Sq.Ft |
Parking |
Elec |
Heat |
W/S |
| 1 |
3 |
2 |
0 |
Vacant |
$0 |
1,902 |
2 Car Garage |
No |
No |
No |
| 2 |
3 |
2 |
0 |
Vacant |
$0 |
1,784 |
2 Car Garage |
No |
No |
No |
| 3 |
3 |
2 |
0 |
Vacant |
$0 |
1,580 |
2 Car Garage |
No |
No |
No |
| 4 |
3 |
2 |
0 |
Vacant |
$0 |
1,400 |
2 Car Garage |
No |
No |
No |
Items Included 22 stoves (gas), 22 microwaves, 22 dishwashers, 22 garage openers (w/ remotes), 22 patio/decks (patio if no exposure, deck if exposure). Towel bars, toilet paper holders & mirror(s) in all bathrooms. Blacktop driveway, A/C.
Items Excluded Refrigerator, washer, dryer, fine grade and seed/sod (rough grade only). Optional upgraded landscaping package available.
Energy Efficient/Green Features
Water/Waste Municipal sewer, Municipal water
Basement Full, Poured Concrete Foundation, Sump pump
Type 1 story, New/Never occupied, Other, Under construction
Parking per Unit 2 Car garage, Attached, Opener inc
Barrier-free Features First floor bedroom, First floor full bath, Level drive, Level lot, Open floor plan, Stall shower
Exterior Stone, Vinyl
Waterfront
Terms
Utilities Sep elec meters each unit, Sep gas meters each unit, Separate water meters
Legal Documents Certificate of occupancy, Restrictions/Covenants
Miscellaneous Internet - Cable
Above Information Deemed Reliable, But Not Guaranteed
Listing Courtesy of Best Realty Of Edgerton
