Lisbon, WI 53051,W220N9009 Town Line Rd
Lisbon, WI 53051,W220N9009 Town Line Rd
Lisbon, WI 53051,W220N9009 Town Line Rd
15
Listed by Shorewest Realtors, Inc.
Bought with RE/MAX Lakeside-Central
$1,300,000
$1,325,000
1.9%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

5.29 Acres Lot

W220N9009 Town Line Rd Lisbon, WI 53051

Est. payment /mo
SOLD DATE : 10/04/2024

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $1,300,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 1888464

Sold Date 10/04/24

Year Built 1940

Annual Tax Amount $7,581

Tax Year 2023

Lot Size 5.290 Acres

Acres 5.29

Property Description

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.

Location

State WI

County Waukesha

Zoning Multi Family

Rooms

Basement Crawl Space

Interior

Heating Forced Air, Natural Gas

Cooling Forced Air, Natural Gas

Flooring Unknown

Exterior

Exterior Feature Vinyl

Garage Outdoor Space

Building

Water Private Well, Septic System

Schools

Middle Schools Templeton

High Schools Hamilton

School District Hamilton

Read Less


Metro Milwaukee MLS (MetroMLS - For Broker Only)

GET MORE INFORMATION

Kevin Garde

CEO, Founder | License ID: 77276-94

+1(262) 720-5678

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.