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W220N9009 TOWN LINE RD MENOMONEE FALLS, WI 53051
- Commercial / Resale (MLS)
Property Details for W220N9009 TOWN LINE RD, MENOMONEE FALLS, WI 53051
Features
- Lot Size: 230432 sq. ft.
- Total Units: 14
- Heating: Forced Air Heating
Facts
- Year Built: 01/01/1940
- Property ID: 851218357
- MLS Number: 1888464
- Parcel Number: LSBT-0148-983
- Property Type: Commercial
- County: WAUKESHA
- Legal Description: PT SE1/4 SEC 1 T8N R19E; COM SE CRNR SEC 1; N0041E ALNG E LINE 1394.45 FT TO BGN; S8946W 710.69 FT; N0041E 340.00 FT; N8946E 710.69 FT TO E LINE ALSO BEING CNTRLNE OF RD; S0041W 340.00 FT TO BGN :: EX ELY 33 FT FOR ROAD
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. This tremendous Multi-Family property generates cash flow with 9.5 cap rate, low vacancy and sits on 5.29 acres in the Town of Lisbon. The property consists of 5 buildings (14 units) & 36 outside parking spaces. Units w/similar layouts include; living room, kitchen, dining area, 2 BRs & 1 BA. Since 2020 seller has done extensive updates on the property including; new roof on all buildings (2023), updated approx. 12 units with new cabinets, appliances, countertops, flooring, bathrooms, new asphalt for parking lots, 1 new septic system & many units w/new mechanicals, windows, & all exterior doors. Property has potential for more development w/5.29 acres of land & rent increase. Tenants pay gas, electric & heat. Great location & minutes from shopping, entertainment & the freeway system.
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Property Brokerage:
Shorewest Realtors
N112W17847 Mequon Rd, Germantown, WI 53022
Germantown
WI
53022
Copyright © 2024 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.