Bought with Best Realty of Edgerton
$6,110,000
$6,200,000
1.5%For more information regarding the value of a property, please contact us for a free consultation.
12 Beds
8 Baths
6,666 SqFt
SOLD DATE : 02/28/2023
Key Details
Sold Price $6,110,000
Property Type Multi-Family
Sub Type 1 story,Other,New/Never occupied,Under construction
Listing Status Sold
Purchase Type For Sale
Square Footage 6,666 sqft
Price per Sqft $916
Subdivision Parkmeadow North
MLS Listing ID 1939749
Sold Date 02/28/23
Bedrooms 12
Full Baths 8
Year Built 2022
Tax Year 2020
Lot Size 7.170 Acres
Acres 7.17
Property Description
GREAT INVESTMENT OPPORTUNITY W/ PORTFOLIO OF 22 SINGLE FAMILY HOMES. Estimated cap rate of 5.66% based on estimated annual rental income of over $500,000. Over $700,000 discount based on current list prices & per unit sale price of $45,000 less than the average home sale price by builder in 2022 in the subdivision. Comes w/ a 1 year builder warranty which will help offset some of the upfront costs & maintenance of your typical rental property. Units will have granite counters in kitchen, some LVT flooring, A/C, white trim & cabinets and either pine or white doors. Some photos shown are of similar plan and are virtually staged. They may show upgrades or different finishes. 3D models/floor plans are estimates and may not be exact. Buyer to verify all dimensions & finish details if important.
Location
State WI
County Rock
Area Beloit - C
Zoning Res
Direction Prairie Ave, E on W Hart Rd, S on Claremont Dr
Rooms
Basement Full, Poured concrete foundatn, Sump pump
Interior
Heating Forced air
Heat Source Natural Gas
Exterior
Garage 2 stall garage, Attached, Opener inc
Utilities Available Separate elec meters, Separate gas meters, Separate water meters
Building
Water Municipal sewer, Municipal water
Structure Type Vinyl,Stone
Schools
Elementary Schools Call School District
Middle Schools Turner
High Schools Turner
School District Beloit Turner
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