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$687,000
Sold on 7/09/20
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
|
0 |
$6,141.58 |
1940 |
|
On the market:
151 days
|
View full details, photos, school info, and price history
This affordable multi-family property provides tremendous income and an outstanding cap rate at 8.6%. The property has had an excellent rental history with very low vacancy. Rental rates are low for the Menomonee Falls-Sussex area, offering room for rental growth. Further, with some maintenance and a little sweat, the property could generate an even stronger income stream. The property consists of (14) 2 bedroom/1 bath units within 5 buildings which is situated on a large 5.5-acre site. Unit layout includes a kitchen, dining area, living room, 2 bedrooms & bathroom. The property is well located. Although in a country setting, it is just minutes from a major commercial node and the freeway system.
Listing courtesy of Paul Rucinski