$695,000

W220n9009 Town Line Rd

Lisbon WI, 53051

Description

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.

Details

MLS#1682567
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1940
Days On Site5

Features

Units14
Building(s)1

Market Activity 53051

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Area Information

StateWI
CountyWaukesha
CityLisbon
Zip Code53051
AreaWaukesha
Listing VS Median (in 53051)
Price:
$695,000
low | high
Med:
$339,900
100% of Average
On Site:
5
low | high
Med:
10
50% of Average
Listing Updated: 03/28/2020
MLS Number: 1682567
Listing Provided By:
Paul A Rucinski  of  Encore Real Estate Brokerage
Listing data provided by Metro MLS. Copyright {{year}}, Multiple Listing Service, Inc. Information is supplied by seller and other third parties and has not been verified. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing