FOR SALE2.5 ACRES
1324-1368 South Main Street
Lake Mills, WI 53551
Studio
- Studio
Studio
(on 2.50 acres)
Local Information
© Google
-- mins to
Commute Destination
Description
Great investment opportunity - just recently completed 23 Luxury Townhouse multi-family units, built in the PERFECT location in a small town and conveniently located for one's working or playing. Only 30 minutes to downtown Madison and 55 minutes to downtown Milwaukee. Currently 21 of the 23 units or 91% are currently rented. Either for long term passive income or for the investor that wants a quick high return with selling each individual unit. Seller was approved by City of Lake Mills for final condo plat for individual home sales (seller will record condo plat prior to closing). Buildings are conjoined duplexes (5 4-unit buildings & 1 3-unit building). Property borders the Glacial Drumlin Trail, close proximity to schools, parks, golf course & downtown. Set up a private showing today!
Home Highlights
Parking
2 Car Garage
Outdoor
No Info
A/C
Heating only
HOA
No HOA Fee
Price/Sqft
No Info
Listed
No Info
Home Details for 1324-1368 South Main Street
Interior Features |
|---|
Interior Details Basement: None / Slab |
Appliances & Utilities Utilities: Separate Electric Meters, Separate Gas Meters |
Heating & Cooling Heating: Natural Gas,Forced AirHas HeatingHeating Fuel: Natural Gas |
Fireplace & Spa No Fireplace |
Gas & Electric Electric: Separate Electric Meters |
Levels, Entrance, & Accessibility Stories: 2Levels: Two |
Exterior Features |
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Parking & Garage Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageHas an Attached GarageParking Spaces: 2Parking: 2 Car,Attached,2 Space,Outside |
Water & Sewer Sewer: Public Sewer |
Property Information |
|---|
Year Built Year Built: 2023 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family, DuplexStructure Type: Duplex - Side By Side, DuplexArchitecture: Duplex - Side By Side,Duplex |
Building Construction Materials: Vinyl Siding, Wood Siding, Stone |
Property Information Condition: 0-5 YearsNot Included in Sale: Water SoftenersIncluded in Sale: 23 Stoves, 23 Microwaves, 23 Dishwashers, 23 Refrigerators, 23 Washers, & 23 DryersParcel Number: 24607132422012 |
Price & Status |
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Price List Price: $7,500,000 |
Active Status |
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MLS Status: Active |
Location |
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Direction & Address City: Lake Mills |
School Information Elementary School: Lake MillsElementary School District: Lake MillsJr High / Middle School: Lake MillsJr High / Middle School District: Lake MillsHigh School: Lake MillsHigh School District: Lake Mills |
Agent Information |
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Listing Agent Listing ID: 1974925 |
HOA |
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Association for this Listing: South Central Wisconsin MLS |
Lot Information |
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Lot Area: 2.5 Acres |
Compensation |
|---|
Buyer Agency Commission: 1.25Buyer Agency Commission Type: %Sub Agency Commission: 1.25Sub Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Miscellaneous |
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Mls Number: 1974925Living Area Range Units: Square FeetMunicipality: Lake Mills |
Last check for updates: about 13 hours ago
Listing courtesy of Steve Forrer, (608) 852-0735
Bunbury & Assoc, REALTORS
Originating MLS: South Central Wisconsin MLS
Source: WIREX MLS, MLS#1974925
Price History for 1324-1368 South Main Street
| Date | Price | Event | Source |
|---|---|---|---|
| 04/15/2024 | $7,500,000 | Listed For Sale | WIREX MLS #1974925 |
| 04/10/2024 | ListingRemoved | WIREX MLS #1954297 | |
| 08/30/2023 | $7,500,000 | PriceChange | WIREX MLS #1954297 |
| 07/10/2023 | $7,800,000 | PriceChange | WIREX MLS #1954297 |
| 06/28/2023 | $8,050,000 | PendingToActive | WIREX MLS #1954297 |
| 06/26/2023 | $8,050,000 | Contingent | WIREX MLS #1954297 |
| 04/25/2023 | $8,050,000 | Listed For Sale | WIREX MLS #1954297 |
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Comparable Sales for 1324-1368 South Main Street
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.46 | Multi-Family Home | $292,000 | 08/17/23 | 3 | 3 | 1,976 | |
1.20 | Multi-Family Home | $410,000 | 08/25/23 | 6 | 5 | 2,575 | |
1.40 | Multi-Family Home | $265,000 | 09/08/23 | 3 | 2 | 1,344 | |
1.47 | Multi-Family Home | $415,000 | 01/17/24 | 6 | 4 | 3,312 | |
6.60 | Multi-Family Home | $280,888 | 12/05/23 | 6 | 2 | - | |
6.49 | Multi-Family Home | $152,000 | 11/28/23 | 4 | 2 | - |
What Locals Say about Lake Mills
- Shaun Dow
- Resident
- 4mo ago
"I commute to Madison and it is very quick and easy. "
- Relindman
- Resident
- 4y ago
"We are a wonderful bedroom community for Madison Wisconsin. We have one of the most beautiful lakes in southern Wisconsin. A wonderful thriving downtown with a Large Public Square, Park.The best Public school system that you could ever find."
- JRA
- Visitor
- 4y ago
"Nice quaint town with beautiful Lake, gorgeous parks & the Glacial River Bike Trail runs thru it. People are friendly and kind, nice easy-going community. "
- Kyle.garro
- Resident
- 5y ago
"Safe and looks like it’s a good place to raise kids. Lots of things to do Since it’s close to Madison. "
- Daniel s.
- Resident
- 5y ago
"I’ve lived in three states and countless cities. This is where I call home! Between the amazing people, social activities, the beautiful lake, and the overall charm of Lake Mills, I think you’ll call it home too!"
- Laura B.
- 10y ago
"A subdivision of Lake Mills WI that is highly affordable and has a shared pond and park!"
- sileemts
- 12y ago
"I have lived here for one year and find the neighbors to be very friendly and helpful. The neighborhood is quiet with only local traffic. This is a lake community with beautiful parks, a golf course, boating, bike trail and numerous sidewalks."
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Steve Forrer, Bunbury & Assoc, REALTORS
IDX information is provided exclusively for 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 not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
1324-1368 South Main Street, Lake Mills, WI 53551 is a studio multi-family built in 2023. This property is currently available for sale and was listed by WIREX MLS. The MLS # for this home is MLS# 1974925.