W220n9009 Town Line Rd, Lisbon

$695,000

0 Beds
0 Full Baths
0 Half Baths
0 Sqft
5½ Acres

This affordable multi-family property provides tremendous income and an outstanding cap rate at 8.6%. The property has had an excellent rental history with very low vacancy. Rental rates are low for the Menomonee Falls-Sussex area, offering room for rental growth. Further, with some maintenance and a little sweat, the property could generate an even stronger income stream. The property consists of (14) 2 bedroom/1 bath units within 5 buildings which is situated on a large 5.5-acre site. Unit layout includes a kitchen, dining area, living room, 2 bedrooms & bathroom. The property is well located. Although in a country setting, it is just minutes from a major commercial node and the freeway system.

Essential Information
MLS® #1682567
Price$695,000
Taxes$6,142
Acres5.50
Year Built1940
TypeMulti Family
StatusActive
Community Information
AddressW220n9009 Town Line Rd
CityLisbon
CountyWaukesha
StateWisconsin
Zip Code53051
Amenities
Parking Spaces36
ParkingOutdoor Space
Interior
# of Stories1
Exterior
ExteriorVinyl
Lot DescriptionRectangular
RoofComposition
School Information
DistrictHamilton
MiddleTempleton
HighHamilton
Additional Information
ZoningRM
Listing Details
Listed Courtesy of Encore Real Estate Brokerage

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