1324-1368 South Main Street

Lake Mills, WI 53551

$7,500,000
Price
6
Beds
4
Baths
2
1/2 Baths
4,128 Sq. Ft.
$1,817 / Sq. Ft.
4,128
Sq. Ft.
$1,817
per Sq. Ft.

Description

Great investment opportunity - just recently completed 23 Luxury Townhouse multi-family units, built in the PERFECT location in a small town and conveniently located for one's working or playing. Only 30 minutes to downtown Madison and 55 minutes to downtown Milwaukee. Currently 22 of the 23 units or 95% are currently rented. Either for long term passive income or for the investor that wants a quick high return with selling each individual unit. Seller was approved by City of Lake Mills for final...Great investment opportunity - just recently completed 23 Luxury Townhouse multi-family units, built in the PERFECT location in a small town and conveniently located for one's working or playing. Only 30 minutes to downtown Madison and 55 minutes to downtown Milwaukee. Currently 22 of the 23 units or 95% are currently rented. Either for long term passive income or for the investor that wants a quick high return with selling each individual unit. Seller was approved by City of Lake Mills for final condo plat for individual home sales (seller will record condo plat prior to closing). Buildings are conjoined duplexes (5 4-unit buildings & 1 3-unit building). Property borders the Glacial Drumlin Trl, close proximity to schools. Seller assist in terms of finance. Set up a private showing today!
  1. Listed by Steve Forrer • Bunbury & Assoc, REALTORS

Property Details for 1324-1368 South Main Street

Zoning
R3-12

Location

Listing Courtesy of Bunbury & Assoc, REALTORS
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LISTING UPDATED: 05/16/2024 03:50 PM

Property Details for 1324-1368 South Main Street

StatusActive
MLS #1974925
Days on Market91
Taxes$79,919 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Duplex-side by side
Year Built2023
Lot Size2.50 AC / 108,900 SF
CountyJefferson County

Location

Listing Courtesy of Bunbury & Assoc, REALTORS
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Virtual Tour

Building Information for 1324-1368 South Main Street

Stories-Residences23Year Built2023Building Size-Lot Size2.50 AC / 108,900 SF

Payment Calculator

$47,590 per month

30 year fixed, 7.25% Interest

Principal and Interest

$40,931

Property Taxes

$6,660

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1324-1368 South Main Street

Summary
Location and General Information
  • C/T/V: City
  • County: Jefferson
  • County Qtr Section: Jefferson NW
  • Directions: Hwy 94 to Hwy 89
  • Location: LAKE MILLS - C
  • Mailing City: Lake Mills
  • Municipality: Lake Mills
  • State: WI
  • Zip: 53551
Parking
  • Park/Unit: 2 stall garage, Attached, 2 spaces, Outside
  • Parking Spaces Outside: 46
  • Parking Stalls Inside: 46
School Information
  • Elementary: Lake Mills
  • High School: Lake Mills
  • Middle School: Lake Mills
  • School District: Lake Mills
Taxes and HOA Information
  • Net Taxes: $79,919.00
  • Parcel ID: 246-0713-2422-012
  • Tax Year: 2023
Property
Property and Assessments
  • Class: Multi Family
  • Improvements: 3425900
  • Land Assess: $127,600.00
  • Miscellaneous: Internet - Cable
  • Total Assess: $3,553,500.00
  • Total Assess Year: 2024
  • Type: Duplex-side by side, 2 story, Townhouse style units
  • Year Built: 2023
Lot Information
  • Estimated Total Acres: 2.5
  • Source of Est. Acres: Assessor
  • Source of Year Built: Seller
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, Wood, Stone
Interior Features
  • Items Included: 23 Stoves, 23 Microwaves, 23 Dishwashers, 23 Refrigerators, 23 Washers, & 23 Dryers
  • Items Excluded: Water Softeners
  • Number of Dish Washers: 23
  • Number of Dryers: 0
  • Number of Furnaces: 23
  • Number of Stoves: 23
  • Number of Refrigerators: 0
  • Number of Washers: 0
  • Number of Water Heaters: 23
  • Number of Water Softeners: 0
  • Barrier-free: Open floor plan, Ramped or level entrance, Ramped or lvl from garage, Stall shower, Low pile or no carpeting
  • Basement: None
  • 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: 23
Multi Family
Unit Information
  • Number of Units w/AC: 23
  • Number of Units: 23
Income & Expenses Information
  • Net Operating Income: $430,184
  • Total Expenses: $140,416
  • Total Income: $570,600
Unit 1
  • U1 Landlord Pays Heat: No
  • U1 Landlord Pays Electric: No
  • U1 Landlord Pays Water/Sewer: No
  • Unit 1: 12 Units
  • U1 Parking: 2 Car Garage
  • U1 Number of Bedrooms: 3
  • U1 Full Baths: 2
  • U1 Half Baths: 1
  • U1 SqFt: 1895
  • 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 Level: U
  • Unit 1 Bedroom 2 Level: U
  • Unit 1 Bedroom 2 Dimensions: 12x11
  • Unit 1 Bedroom 3 Dimensions: 12x10
  • Unit 1 Dining Area Dimensions: 12x12
  • Unit 1 Kitchen Dimensions: 15x16
  • Unit 1 Living/Great Room Dimensions: 12x12
  • Unit 1 Primary BedRoom Dimensions: 22x19
  • Unit 1 Other Room Dimensions: 09x07
  • Unit 1 Other Room: Laundry Room
Unit 2
  • U2 Landlord Pays Heat: No
  • U2 Landlord Pays Electric: No
  • U2 Landlord Pays Water/Sewer: No
  • Unit 2: 11 Units
  • 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: M
  • Unit 2 Other Room Level: U
  • Unit 2 Bedroom 2 Dimensions: 13x10
  • Unit 2 Bedroom 3 Dimensions: 12x12
  • Unit 2 Dining Area Dimensions: 13x12
  • Unit 2 Kitchen Dimensions: 21x17
  • Unit 2 Living/Great Rm Dimensions: 13x12
  • Unit 2 Primary BedRm Dimensions: 26x19
  • Unit 2 Other Room 2 Dimensions: 20x06
  • Unit 2 Other Room Dimensions: 09x07
  • Unit 2 Other Room: Laundry Room
  • Unit 2 Other Room 2: Foyer
  • U2 Number of Bedrooms: 3
  • U2 Full Baths: 2
  • U2 Half Baths: 1
  • U2 SqFt: 2233

Property History for 1324-1368 South Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 1324-1368 South Main Street

This home is within Lake Mills Area School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
Lake Mills Elementary School
PublicPK to 4

Lake Mills Middle School
Public5 to 8

Lake Mills High School
Public9 to 12

St Paul Evangelical Lutheran School
PrivatePK 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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1324-1368 South Main Street is a multi-family home for sale in Lake Mills, WI 53551. This property was listed for sale on April 15, 2024 by Bunbury & Assoc, REALTORS, it's currently listed at $7,500,000. This listing's school district is Lake Mills Area School District. Nearby schools include Lake Mills Elementary School, Lake Mills Middle School and Lake Mills High School. 1324-1368 South Main Street is a 6-bed, 5-bath, 4,128 sqft multi-family home built in 2023.

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 Bunbury & Assoc, REALTORS

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 05/16/2024 03:50 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