$1,200,000

245 Summit Ave

Wales WI, 53183

Description

Fantastic opportunity to own an existing 8 unit apartment and build additional units on the 2.87 acre site. Existing bldg was built in 1970, all 2 BR, 1BA units with electric heat and wall-sleeve A/C. Clean daylight basement is heated with a 2010 gas FA furnace. Large storage lockers, 2 sets of coin-op laundry machines. Roof tear-off in 2013. Newer carpeting and laminate flooring in some units. Upper units have a balcony off LR. Some very long term tenants. Building was connected to municipal sewer in 2016, freeing up space for additional buildings. Septic system was abandoned, tanks and vent pipes removed. The GIS ''map'' and the Village of Wales' R-4 Multifamily Residential District Ordinance and Parking Requirements are available through the listing agent or from ''Documents'' in MLS

Details

MLS#1715809
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1970
Days On Site43

Features

Units8
Building(s)1
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Area Information
StateWI
CountyWaukesha
CityWales
Zip Code53183
AreaWaukesha
Listing VS Median (in 53183)
Price:
$1,200,000
low | high
Med:
$414,700
100% of Average
On Site:
43
low | high
Med:
58.500000
73.504273504274% of Average
Listing Updated: December 2, 2020 8:11:31 PM PST
Pat Mullikin LogoMLS Number: 1715809
Listing Provided By:
Pat Mullikin  of  M3 Realty
Listing data provided by Metro MLS. Copyright 2020, Multiple Listing Service, Inc. Information is supplied by seller and other third parties and has not been verified. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing