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Listing Details

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MLS #
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Neighborhood
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Type
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Built
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School Information

Elementary School
Middle School
High School
School District
Listing courtesy of Keller Williams Realty

Description

Investors' special! 8.3% cap rate at asking price!!! Cash cow, new leases for both units start July 1st, 2021 and run through June 30th, 2022. This property is set to Gross $41,880 from the new upcoming lease agreements, and with minimal expenses to the owner/landlord (property tax + homeowners insurance = $3743 + any pop up expenses that may occur), all that's left is for you to take over and start profiting! Tenants responsible for snow/ice removal as well as lawn care. This property is a turn-key money maker. Large lot with plenty of lake frontage near the end of a dead end road. $3,490/month gross rent, don't pass this one up. Could easily become your personal residence or vacation home after the leases expire. Lease or AirBnB 1 unit and live in the other would be possible too.

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© 2021 South Central Wisconsin MLS Corporation. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Nicole Charles & Associates, Inc. | eXp Realty. Data last updated: 2021-09-16T23:41:31.607.
www.nicolecharles.com/homes/118656489
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W7999 High Ridge Rd Sumner, WI 53538

  • Price: $459,900
  • Status: Active
  • ID#: 1908898
0
Beds
0
Baths
0
½ Baths
0.81
Acres
Neighborhood:
Sumner - T
County:
Jefferson
Area:
Sumner - T
Elementary School:
Call School District
Middle School:
Fort Atkinson
High School:
Fort Atkinson
School District:
Fort Atkinson
Property Description
Investors' special! 8.3% cap rate at asking price!!! Cash cow, new leases for both units start July 1st, 2021 and run through June 30th, 2022. This property is set to Gross $41,880 from the new upcoming lease agreements, and with minimal expenses to the owner/landlord (property tax + homeowners insurance = $3743 + any pop up expenses that may occur), all that's left is for you to take over and start profiting! Tenants responsible for snow/ice removal as well as lawn care. This property is a turn-key money maker. Large lot with plenty of lake frontage near the end of a dead end road. $3,490/month gross rent, don't pass this one up. Could easily become your personal residence or vacation home after the leases expire. Lease or AirBnB 1 unit and live in the other would be possible too.
Exterior Features

Exterior Vinyl Type 2 Story2 Flat-Up And Down Unit1 Parking 2 Car Garage Unit2 Parking 2 Space

Interior Features

Basement Crawl Space Clothes Dryers 0 Clothes Washers 0 Dish Washers 0 Heating Type Forced Air Number Of Efficiencies 0 Number Of One Bedrooms 0 Number Of Three Plus Beds 1 Number Of Two Bedrooms 1 Refrigerators 2 Stoves 2 Unit1 Bedroom2 Dim 10X8 Unit1 Bedroom3 Dim 10X8 Unit1 Bedrooms 3 Unit1 Full Baths 1 Unit1 Half Baths 0 Unit1 Kitchen Dim 13X11 Unit1 Living Great Room Dim 13X11 Unit1 Master Bedroom Dim 11X10 Unit1 Sq Ft 1100 Unit2 Bedroom2 Dim 13X10 Unit2 Bedrooms 2 Unit2 Full Baths 1 Unit2 Half Baths 0 Unit2 Kitchen Dim 9X9 Unit2 Master Bedroom Dim 14X13 Unit2 Sq Ft 700 Units With AC 0

Property Features

Association South Central Wi Barrier Free First Floor BedroomFirst Floor Full BathLevel DriveLevel Lot City Town Or Village Town County Quarter Jefferson Sw Fuel Natural Gas Furnaces 2 Mailing City Fort Atkinson Miscellaneous Shared Laundry Net Operating Income 27337 Net Taxes 3152 Open House No Park Unit 2 Stall GarageDetached2 SpacesOutside Source Acreage Assessor Tax Year 2020 Total Expenses 3743 Total Income 31080 Unit1 Rent 1995 Unit2 Rent 1495 Water Heaters 1 Water Softeners 0 Water Waste Non-Municipal/Prvt DisposWell Year Built Source Other Zoning Res

Listing information © 2021 South Central Wisconsin MLS.
Listing provided courtesy of Keller Williams Realty.



© 2021 South Central Wisconsin MLS Corporation. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Nicole Charles & Associates, Inc. | eXp Realty. Data last updated: 2021-09-16T23:41:31.607.
 
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Nicole Charles & Associates, Inc. | eXp Realty
2809 Fish Hatchery Road Suite 204-A
Fitchburg WI, 53713
Listing courtesy of Keller Williams Realty