Bought with Collective Real Estate Group
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Key Details
Sold Price $1,330,000
Property Type Multi-Family
Sub Type Apartment building,2 story
Listing Status Sold
Purchase Type For Sale
Square Footage 6,848 sqft
Price per Sqft $194
MLS Listing ID 2016383
Sold Date 07/24/26
Bedrooms 12
Full Baths 8
Year Built 2003
Annual Tax Amount $17,985
Tax Year 2025
Lot Size 0.330 Acres
Acres 0.33
Property Sub-Type Apartment building,2 story
Property Description
Price Reduced! Now at an 11.14 GRM w/ $121,200 potential gross annual income if you lease the owner occupied unit for $2650/month. At this price, you'll be hard-pressed to find another building offering this location, overall updated condition, extremely low operating expenses & at this GRM! All 3 rented units renewed or leased thru 2027. Updated 4-unit apt. building offering strong income & excellent flexibility for investors or owner-occupants. All four units are 3BR/2BA w/ 2-car garages & in-unit laundry. New $48K roof & gutters in 2023. Unit 2954 is currently owner-occupied, fully updated and furnished, & can be rented on a long-term 12 month lease or on short term lease to generate more monthly income; furniture is negotiable. An excellent opportunity for a turnkey investment, owner-occupied situation or take advantage of 3 long term leases & lease the 4th unit as a STR/airbnb unit to generate even more income in this low maintenance, fully updated property in a perfect location!
Location
State WI
County Dane
Area Sun Prairie - C
Zoning Commercial
Direction From Hwy 19, South on N Westmount Dr., Left on Kelvington to Left on Rebel Dr., R on Kentville Dr.
Rooms
Basement None
Interior
Heating Forced air
Heat Source Natural Gas
Exterior
Parking Features 2 stall garage, Attached, Opener inc
Utilities Available Separate elec meters, Separate gas meters, Separate water meters
Building
Water Municipal sewer, Municipal water
Structure Type Vinyl,Brick
Schools
Elementary Schools Horizon
Middle Schools Prairie View
High Schools Sun Prairie West
School District Sun Prairie
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