W220N9009 Town Line Rd, Lisbon, WI 53051
$1,599,000
$1,599,000
Lot lines
Front view
Front view
Rear view
Full Bath- Pre occupancy
Kitchen- Pre occupancy
Kitchen- Pre occupancy
Bedroom- Pre occupancy
Front view
Utility Shed
Features
- Multi-Family
- Status: Active
- Total Number of Units: 14
- Unit Type 1 # of Units: 14
- Unit Type 1 Avg Rent: $900
- Outside Parking: 36
- Est. Square Footage: 9,360
- Est. Year Built: 1940
- Est. Acreage: 5.29
- School District: Hamilton
- High School: Hamilton
- County: Waukesha
- Property Taxes: $7,581
- Property Tax Year: 2023
- Postal Municipality: Menomonee Falls
- MLS#: 1860360
- Listing Company: Shorewest - Menomonee Falls-Germantown
- Price/SqFt: $170
- Zip Code: 53051
Property Description
W220N9009 Town Line Rd, Lisbon, WI 53051 - This tremendous multi-family property with a great rental history and very low vacancy, sits on 5.50 acres in the town of Lisbon. The property consists of 5 buildings with a total of 14 units, all with 2 bedroom,1 bath and 36 outside parking space. Unit layout includes; kitchen, dining area, living room, 2 bedrooms & 1 bath. Since the end of 2020 seller has spent over $190,000 towards upgrading the property including; new roof on all buildings (2023), updated approximately 11 units with new cabinets, stainless steel appliances, countertops, flooring, bathrooms, resurfaced parking lots, one new septic, and many units with new water heaters and furnaces and windows. Property has potential for more development with 5.50 acres of land and rent increase. Tenants pays gas, electric and heat. The property is well located and although in a country setting, it is just minutes from shopping, entertainment, and the freeway system.
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Additional features
Basement
- Crawl Space
Interior Features
- Heating/Cooling: Forced Air, Natural Gas
- Water Waste: Private Well, Septic System
- Inclusions: 13 Units Refrigerators and Stoves
Building and Construction
- Other
Land Features
- Waterfront/Access: N
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Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM 1860360 Feb 20 2024 9:11PM $1,649,000 $1,699,000 115 1860360 Active Delayed Jan 9 2024 2:15AM 115 1860360 Delayed Dec 21 2023 9:33AM 115 1682567 Sold ActiveWO Jul 9 2020 12:00AM $687,000 49 1682567 ActiveWO Active Mar 27 2020 11:47PM 49 1682567 Active Mar 24 2020 2:19PM $695,000 49 -
Schools
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Demographics
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Market Conditions
Buyer understands that the information which is contained on Data pages is obtained from a number of different sources and which has not been independently verified or confirmed by the various real estate brokers and agents who have been and are involved in this transaction. If any particular measurement or data element is important or material to buyer, Buyer assumes all responsibility and liability to research, verify and confirm said data element and measurement. REALTOR *MLS* Equal Housing Opportunity
