1220-1248 Prospect Commons

Sun Prairie, WI 53590

$2,975,000
Price
12
Beds
8
Baths
8
1/2 Baths
9,320 Sq. Ft.
$319 / Sq. Ft.
9,320
Sq. Ft.
$319
per Sq. Ft.

Description

This property provides a rare opportunity for an investor or developer. Each unit is spacious and includes private entry, private garage and finished basement. Buyer can opt to hold this as income property or may be able to potentially sell the units as individual condos. All units are individually metered and have been impeccably maintained w/many updates. See list of improvements. Lease end dates for additional units: 1236-5/24 ($1925), 1240-7/24 ($1925), 1244-6/25 ($2025). 1248 is owner-occupied...This property provides a rare opportunity for an investor or developer. Each unit is spacious and includes private entry, private garage and finished basement. Buyer can opt to hold this as income property or may be able to potentially sell the units as individual condos. All units are individually metered and have been impeccably maintained w/many updates. See list of improvements. Lease end dates for additional units: 1236-5/24 ($1925), 1240-7/24 ($1925), 1244-6/25 ($2025). 1248 is owner-occupied (rent est. $2200). Units are considered to be identical floor plan and square footage is estimated at 2330 per unit. Other units in the area are renting as high as $2,200. Square footage estimated and should be verified by buyer if essential.
  1. Listed by Frank Pohlkamp • Assist 2 Sell Homes 4 You Realty
  2. Listed by Melissa Dale • Assist 2 Sell Homes 4 You Realty

Property Details for 1220-1248 Prospect Commons

Zoning
Res Income

Location

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LISTING UPDATED: 04/26/2024 06:36 PM

Property Details for 1220-1248 Prospect Commons

StatusActive
MLS #1974742
Days on Market18
Taxes$28,835 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Apartment building
Year Built2007
CountyDane County

Location

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Building Information for 1220-1248 Prospect Commons

Building/Complex1220-1248 Prospect CommonsFloor-Stories-Residences8Pet Policy-Year Built2007Building Size-

Payment Calculator

$18,639 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,236

Property Taxes

$2,403

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1220-1248 Prospect Commons

Summary
Location and General Information
  • C/T/V: City
  • County: Dane
  • County Qtr Section: Dane NE
  • Directions: From U.S. 151, exit north on Reiner Rd. Turn left on Prairie Lakes Dr. and continue straight onto Triumph Dr. Turn left onto Prospect Commons.
  • Location: SUN PRAIRIE - C
  • Mailing City: Sun Prairie
  • Municipality: Sun Prairie
  • State: WI
  • Zip: 53718
Parking
  • Park/Unit: 2 stall garage, Detached, 2 spaces, Outside, Opener inc
  • Parking Spaces Outside: 8
  • Parking Stalls Inside: 16
School Information
  • Elementary: Horizon
  • High School: Sun Prairie West
  • Middle School: Prairie View
  • School District: Sun Prairie
Taxes and HOA Information
  • Net Taxes: $28,835.00
  • Parcel ID: 0810-113-6185-2
  • Tax Year: 2022
Property
Property and Assessments
  • Class: Multi Family
  • Improvements: 1586300
  • Land Assess: $176,000.00
  • Legal Documents: Condition report on file
  • Miscellaneous: Close to bus line, Water Softener Owned, Internet - Cable
  • Total Assess: $1,762,300.00
  • Total Assess Year: 2023
  • Type: Apartment building, 2 story, Townhouse style units
  • Year Built: 2007
Lot Information
  • Estimated Total Acres: 0.57
  • Source of Est. Acres: Assessor
  • Source of Year Built: Other
Utilities
  • Utilities: Separate elec meters, Separate gas meters, Separate water meters
  • Water/Waste: Municipal water, Municipal sewer
Interior and Exterior Features
Exterior Features
  • Exterior: Vinyl, Brick, Fiber Cement
Interior Features
  • Items Included: Refrigerator (8), Range/oven (8), Washer (8), Dryer (8), Water Softener (8).
  • Items Excluded: Tenants' and owner's personal property.
  • Number of Dish Washers: 8
  • Number of Dryers: 8
  • Number of Furnaces: 8
  • Number of Stoves: 8
  • Number of Refrigerators: 8
  • Number of Washers: 8
  • Number of Water Heaters: 8
  • Number of Water Softeners: 8
  • Basement: Full, Partially finished, Poured concrete foundatn
  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Number of Efficiencies: 0
Room Information
Bedrooms
  • Number of 1 Bedrooms: 0
  • Number of 2 Bedrooms: 0
  • Number of 3+ Bedrooms: 8
Multi Family
Unit Information
  • Number of Units w/AC: 8
  • Number of Units: 8
Income & Expenses Information
  • Net Operating Income: $113,894
  • Net Operating Income Year: 2023
  • Total Expenses: $69,361
  • Total Income: $192,900
Unit 1
  • U1 Landlord Pays Heat: No
  • U1 Landlord Pays Electric: No
  • U1 Landlord Pays Water/Sewer: No
  • Unit 1: Family/Rec rm,Eat-in kitchen,Den/office,Balcony/patio,Air conditioning,Fireplace,Range/oven,Refrigerator,Dishwasher,Washer/dryer,Individual heat control,Primary bedroom bath,In-unit laundry,Wood or sim. wood floor,Private basement
  • U1 Parking: 2 Car Garage
  • U1 Number of Bedrooms: 3
  • U1 Full Baths: 2
  • U1 Half Baths: 2
  • U1 SqFt: 2330
  • Unit 1 Bedroom 3 Level: U
  • Unit 1 Dining Area Level: M
  • Unit 1 Kitchen Level: M
  • Unit 1 Living/Great Room Level: M
  • Unit 1 Primary BedRoom Level: U
  • Unit 1 Other Room 2 Level: L
  • Unit 1 Other Room Level: L
  • Unit 1 Bedroom 2 Level: U
  • Unit 1 Bedroom 2 Dimensions: 13x11
  • Unit 1 Bedroom 3 Dimensions: 11x11
  • Unit 1 Dining Area Dimensions: 11x10
  • Unit 1 Kitchen Dimensions: 16x12
  • Unit 1 Living/Great Room Dimensions: 16x15
  • Unit 1 Primary BedRoom Dimensions: 13x13
  • Unit 1 Other Room 2 Dimensions: 13x10
  • Unit 1 Other Room Dimensions: 19x15
  • Unit 1 Other Room: Family/Rec Room
  • Unit 1 Other Room 2: Den/Office
Unit 2
  • U2 Landlord Pays Heat: No
  • U2 Landlord Pays Electric: No
  • U2 Landlord Pays Water/Sewer: No
  • Unit 2: Family/Rec rm,Eat-in kitchen,Den/office,Balcony/patio,Air conditioning,Fireplace,Range/oven,Refrigerator,Dishwasher,Washer/dryer,Wood or sim. wood floor,Individual heat control,Primary bedroom bath,In-unit laundry,Private basement
  • U2 Parking: 2 Car Garage
  • Unit 2 Bedroom 2 Level: U
  • Unit 2 Bedroom 3 Level: U
  • Unit 2 Dining Area Level: M
  • Unit 2 Kitchen Level: M
  • Unit 2 Living/Great Rm Level: M
  • Unit 2 Primary BedRm Level: U
  • Unit 2 Other Room 2 Level: L
  • Unit 2 Other Room Level: L
  • Unit 2 Bedroom 2 Dimensions: 13x11
  • Unit 2 Bedroom 3 Dimensions: 11x11
  • Unit 2 Dining Area Dimensions: 11x10
  • Unit 2 Kitchen Dimensions: 16x12
  • Unit 2 Living/Great Rm Dimensions: 16x15
  • Unit 2 Primary BedRm Dimensions: 13x13
  • Unit 2 Other Room 2 Dimensions: 13x10
  • Unit 2 Other Room Dimensions: 19x15
  • Unit 2 Other Room: Family/Rec Room
  • Unit 2 Other Room 2: Den/Office
  • U2 Number of Bedrooms: 3
  • U2 Full Baths: 2
  • U2 Half Baths: 2
  • U2 SqFt: 2330
Unit 3
  • Unit 3: Family/Rec rm,Eat-in kitchen,Den/office,Balcony/patio,Air conditioning,Fireplace,Range/oven,Refrigerator,Dishwasher,Washer/dryer,Wood or sim. wood floor,Individual heat control,Primary bedroom bath,In-unit laundry,Private basement
  • U3 Parking: 2 Car Garage
  • U3 Number of Bedrooms: 3
  • U3 Full Baths: 2
  • U3 Half Baths: 2
  • U3 SqFt: 2330
  • U3 Landlord Pays Heat: No
  • U3 Landlord Pays Electric: No
  • U3 Landlord Pays Water/Sewer: No
Unit 4
  • Unit 4: Family/Rec rm,Eat-in kitchen,Den/office,Balcony/patio,Air conditioning,Fireplace,Range/oven,Refrigerator,Dishwasher,Washer/dryer,Wood or sim. wood floor,Individual heat control,Primary bedroom bath,In-unit laundry,Private basement
  • U4 Half Baths: 2
  • U4 Parking: 2 Car Garage
  • U4 Number of Bedrooms: 3
  • U4 Full Baths: 2
  • U4 Landlord Pays Heat: No
  • U4 Landlord Pays Electric: No
  • U4 Landlord Pays Water/Sewer: No
  • U4 SqFt: 2330

Property History for 1220-1248 Prospect Commons

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1220-1248 Prospect Commons

This home is within Sun Prairie Area School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 7
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Horizon Elementary School
PublicPK to 5

Prairie View Middle School
Public6 to 7

Sun Prairie West High
Public9 to 12

Central Heights Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1220-1248 Prospect Commons is a multi-family home for sale in Sun Prairie, WI 53590. This property was listed for sale on April 12, 2024 by Assist 2 Sell Homes 4 You Realty, it's currently listed at $2,975,000. This listing's school district is Sun Prairie Area School District. Nearby schools include Horizon Elementary School, Prairie View Middle School and Sun Prairie West High. 1220-1248 Prospect Commons is a 12-bed, 12-bath, 9,320 sqft multi-family home built in 2007.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Assist 2 Sell Homes 4 You Realty

Based on information from one of the following Multiple Listing Services: Metro Multiple Listing Service (Metro MLS), REALTORS Association of Northeast Wisconsin. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Metro Multiple Listing Service (Metro MLS), REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 04/26/2024 06:36 PM Listing presented by Compass RE WI-Tosa. Information is supplied by seller and other third parties and has not been verified. Copyright 2024 – WiREx. – All Rights Reserved