Bought with RE/MAX Preferred Commercial
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Key Details
Sold Price $885,000
Property Type Multi-Family
Sub Type Apartment building,2 story
Listing Status Sold
Purchase Type For Sale
Square Footage 4,732 sqft
Price per Sqft $187
MLS Listing ID 2013169
Sold Date 01/30/26
Bedrooms 8
Full Baths 8
Year Built 2005
Annual Tax Amount $11,695
Tax Year 2024
Lot Size 0.322 Acres
Acres 0.322
Property Sub-Type Apartment building,2 story
Property Description
Great opportunity for anyone looking to start or grow their investment portfolio. This spacious and well-maintained 4-unit property offers a mix of stability and potential. Two units are on month-to-month leases, while the others are rented at market rate, giving you flexibility and room to increase income over time. Some rents are still below market, creating an easy value-add opportunity. Each unit features updated furnaces and A/C systems, helping keep future maintenance simple and predictable. Recent unit turns include fresh paint and new flooring, adding to the property's overall appeal. With a total monthly income of $5,920 and clear paths for improvement, this property is a solid option for anyone looking for a dependable, easy-to-manage investment in a desirable area.
Location
State WI
County Dane
Area Sun Prairie - C
Zoning UR-12
Direction From Main St. North on Bird Street. Right on Liberty Blvd. Buildings straight head on Stonewood.
Rooms
Basement None
Interior
Heating Forced air
Heat Source Natural Gas
Exterior
Parking Features 1 stall garage, 2 stall garage, Attached, Outside
Utilities Available Separate elec meters, Separate gas meters, Separate water meters
Building
Water Municipal sewer, Municipal water
Structure Type Vinyl
Schools
Elementary Schools Call School District
Middle Schools Call School District
High Schools Sun Prairie East
School District Sun Prairie
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