116 W Main St Pending Save Request In-Person Tour Request Virtual Tour
Wales,WI 53183
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 1905614
Year Built 1895
Annual Tax Amount $4,597
Tax Year 2024
Lot Size 6,534 Sqft
Property Description
Rare opportunity to own this well maintained four family in Wales. This well-maintained 4-family building features two 1-bedroom units and two 2-bedroom units, one of which includes an office space and a spacious loft above the 2-car garage. Generating $3,400/month with plenty room to increase has long-term, month-to-month tenants, this property offers steady income. No water bill thanks to a well, stamped as good in 2024. Recent updates include a 5-year old roof, 7-year old furnace, loft recently finished and three water heaters replaced in 2022. Solid foundation, clean building, and a prime location make this a fantastic addition to any portfolio! All electrical boxes and windows are newer.Building is zoned as non-conforming commercial B2. Will be re-zoned as residential in July.
Location
State WI
County Waukesha
Zoning RES
Interior
Heating Forced Air,Hot Water/Steam,Natural Gas
Cooling Forced Air,Hot Water/Steam,Natural Gas
Flooring No
Exterior
Exterior Feature Aluminum,Partial-Aluminum,Vinyl
Parking Features Indoor Space
Building
Dwelling Type Apartment Building
Water Municipal Water,Septic System
Schools
Elementary Schools Wales
Middle Schools Kettle Moraine
High Schools Kettle Moraine
School District Kettle Moraine
Others
Special Listing Condition 1031 Exchange