W220N9009 Town Line Rd, Menomonee Falls WI, 53051

Sold

W220N9009 Town Line Rd

Menomonee Falls WI, 53051

$1,300,000

Sold

Multi-family

Built in 1940

Courtesy of Shorewest Realtors, Inc., [email protected]

This tremendous Multi-Family property generates cash flow with 9.5 cap rate, low vacancy and sits on 5.29 acres in the Town of Lisbon. The property consists of 5 buildings (14 units) & 36 outside parking spaces. Units w/similar layouts include; living room, kitchen, dining area, 2 BRs & 1 BA. Since 2020 seller has done extensive updates on the property including; new roof on all buildings (2023), updated approx. 12 units with new cabinets, appliances, countertops, flooring, bathrooms, new asphalt for parking lots, 1 new septic system & many units w/new mechanicals, windows, & all exterior doors. Property has potential for more development w/5.29 acres of land & rent increase. Tenants pay gas, electric & heat. Great location & minutes from shopping, entertainment & the freeway system.

1888464

MLSⓇ ID

August 20, 2024

Listed

November 22, 2024

Updated

Map

W220N9009 Town Line Rd
Menomonee Falls WI, 53051

Interior Features

Fireplace: No
Cooling: No
Heating: Yes
Heating Description: Forced Air, Natural Gas

Exterior/Building Features

Lot Size: 5.29 Acres
Sewer: Septic Tank

School Information

School District: Hamilton
High School: Hamilton

Other Property Details

Area Name: Lisbon
Taxes: $7,582
Tax Frequency: Annually
Garage: No
View: No
County: Waukesha
Water Source: Well, Private
Pool: No
Zoning: Multi Family

Listing History

Date	Event	Price
10/8/2024	Sold	$1,300,000
8/23/2024	Under contract	—

Courtesy of Shorewest Realtors, Inc.

IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is supplied by seller and other third parties and has not been verified. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.