MLS Public Remarks Unique investment opportunity to own your own water system. 49 accounts pay $123 every three months. Cap rate of 10.89% based on current list price & 2024 estimated financials. Great cash flow without the hassle of tenants. Equipment in well house was upgraded in 2017-2018 with updated pressure tank, pump, electronic system, etc (over $56,000 in upgrades). System has the potential to add additional homes on with additional land being acquired and developed (would need a new well drilled, but pump house equipment is potentially set up for future additional homes. Buyer to verify if important). Brand new siding installed in 2023. Financials listed for 2024 are estimates. 2023 financials are YTD with Q4 estimated.
Location Town
Other Marketing Area
Mailing City Edgerton
C/T/V Town
Unit #
Directions Hwy 59, S On Rock River Dr, E On Marian Dr
Real estate for sale Yes
Business for sale Yes
For lease only No
Ann. Rent/SqFt $0
Total Units/Bldg 1
Building Gross SqFt 600
Net Leasable SqFt 0
Year Built 999
Source for Year Built Othr
Approx Bldg Dimen 20x30
Street Frontage 0
Parking Fees/Mo. $0
Onsite Parking 2
# of Stories 1
Ceiling Height Min 8
Ceiling Height Max 8
Number of Loading Docks 0
Zoning Commercial
Est. Total Acres 0.09
Source Of Est Acres PubR
Lot Dimensions
Owner
Tradename Oakhill Water Works Inc
Land Assessment $9,800
Assessment Year 2023
Net Taxes $147
Tax Year 2022
Improvements $6,400
Total Assessment $16,200
Income/Expenses Year $2,024
Gross Operating Income $24,108
Annual Operating Exp $3,771
Net Operating Income $20,337
Unit |
Lease Type |
Lease Exp. Date |
Renewal Option |
Base Annual Rent |
Annual Rent/SqFt |
Other Fees/SqFt |
Gross SqFt |
1 |
N/A |
N/A |
0 |
$0 |
$0 |
$0 |
600 |
2 |
- |
0 |
0 |
$0 |
$0 |
$0 |
0 |
3 |
- |
0 |
0 |
$0 |
$0 |
$0 |
0 |
Items Included Pressure tank, well, well pump, electronic system for well pump, piping.
Items Excluded
Heating/Cooling No Heat
Water/Waste No sewer, Well
Basement Slab/None
Fuel N/A
Seating Capacity
Type Service
Exterior Treatment Wood
Building Parking 1-5 spaces, Gravel, Onsite
Roofing Composition
Terms/Option
Miscellaneous
Documents on File Fixtures & equipment, Inventory list, P & L statement
Location Free standing, Residential area
Tenant Pays N/A
Present Use Service
Licenses Other
Lease Type None
Occupied by
Sale Includes Business name, Covenants, Customer list, Easements, Equipment
Features
Above Information Deemed Reliable, But Not Guaranteed
Listing Courtesy of Best Realty Of Edgerton