1220-1248 Prospect Commons

1220-1248 Prospect Commons

Sun Prairie, WI 53590

$2,975,000
Price
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Offer - Show

Offer - Show

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

Listing Courtesy of Assist 2 Sell Homes 4 You Realty
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LISTING UPDATED: 05/01/2024 09:17 PM

Property Details for 1220-1248 Prospect Commons

StatusOffer - Show
MLS #1975226
Days on Market21
Taxes$28,835 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeApartment
MLS TypeBusiness/Comm / Apartment building
Year Built2007
Lot Size0.57 AC / 24,829 SF
CountyDane County

Location

Listing Courtesy of Assist 2 Sell Homes 4 You Realty
Add your commute

Building Information for 1220-1248 Prospect Commons

Stories-Residences-Year Built2007Lot Size0.57 AC / 24,829 SF

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: Residential area, Corner, Near Major Highway, Near public transportatn
  • Mailing City: Sun Prairie
  • Municipality: Sun Prairie
  • State: WI
  • Zip: 53718
Taxes and HOA Information
  • Net Taxes: $28,835.00
  • Parcel ID: 0810-113-6185-2
  • Tax Year: 2022
Property
Property and Assessments
  • Class: Business/Comm
  • Improvements: 1586300
  • Land Assess: $176,000.00
  • Miscellaneous: Internet - Cable
  • Total Assess: $1,762,300.00
  • Total Assess Year: 2023
  • Type: Apartment building
  • Year Built: 2007
Lot Information
  • Estimated Total Acres: 0.57
  • Source of Est. Acres: Assessor
  • Source of Year Built: Assessor
Utilities
  • Fuel: Natural gas
  • Water/Waste: Municipal water, Municipal sewer
Interior and Exterior Features
Exterior Features
  • Exterior: Brick, Vinyl, Fiber cement
Interior Features
  • Items Included: Refrigerator (8), Range/oven (8), Washer (8), Dryer (8), Water Softener (8).
  • Items Excluded: Tenants' and Seller's personal property.
  • Basement: Full, Poured concrete foundatn
  • Heating/Cooling: Forced air, Central air
Multi Family
Income & Expenses Information
  • Net Operating Income: $113,894

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
Horizon Elementary School
Public - PK to 5
Prairie View Middle School
Public - 6 to 7
Sun Prairie West High
Public - 9 to 12
Central Heights Middle School
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.

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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 05/01/2024 09:17 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