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Listed by Best Realty of Edgerton
$ 159,900
Est. payment | /mo
600 SqFt
$ 159,900
Est. payment | /mo
600 SqFt
Key Details
Property Type Commercial
Sub Type Service
Listing Status Active
Purchase Type For Sale
Square Footage 600 sqft
Price per Sqft $266
MLS Listing ID 1963807
Annual Tax Amount $147
Tax Year 2022
Lot Size 3,920 Sqft
Acres 0.09
Property Description
Unique investment opportunity to own your own water system. 49 accounts pay $123 every three months. Cap rate of 10.89% based on current list price & 2024 estimated financials. Great cash flow without the hassle of tenants. Equipment in well house was upgraded in 2017-2018 with updated pressure tank, pump, electronic system, etc (over $56,000 in upgrades). System has the potential to add additional homes on with additional land being acquired and developed (would need a new well drilled, but pump house equipment is potentially set up for future additional homes. Buyer to verify if important). Brand new siding installed in 2023. Financials listed for 2024 estimates. Owner will provide previous year financials as well as 2024 YTD to qualified buyers.
Location
State WI
County Rock
Area Fulton - T
Zoning Commercial
Direction Hwy 59, S on Rock River Dr, E on Marian Dr
Rooms
Basement Slab/None
Interior
Heating No heat
Cooling No heat
Inclusions Pressure tank, well, well pump, electronic system for well pump, piping.
Exterior
Parking Features 1-5 spaces, Onsite, Gravel
Roof Type Composition
Building
Story 1
Water Well, No sewer
Structure Type Wood
Others
SqFt Source Seller
This information, provided by seller, listing broker, and other parties, may not have been verified.
Copyright 2024 South Central Wisconsin MLS Corporation. All rights reserved
Copyright 2024 South Central Wisconsin MLS Corporation. All rights reserved
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