1324-1368 S Main Street

Lake Mills, WI 53551
Square Ft.
4,128
$7,500,000
Exceptional investment opportunity featuring 23 multifamily units ideally located less than 30 miles from Madison and under 60 miles from Milwaukee. This desirable location offers strong rental appeal for commuters and residents seeking a charming small-town atmosphere. The property consists of six buildings, including five 4-unit buildings and one 3-unitRead MoreRead Less
Presented by: Best Realty of Edgerton 608-884-8468
Listing Snapshot
Days Online
1
Last Updated
Property Type
Multi Family
Square Ft.
4,128
Lot Size
2.56 Acres
Year Built
2023
MLS Number
2024764
30 Days Snapshot Of 53551
$763k
+43%
(avg) sold price
9
+125%
homes sold
12
-57%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
23 refrigerators, 23 dishwashers, 23 washers, 23 dryers
Basement
None
Building
23 units, 23 three-plus bedroom units, Unit 1 is 1,895 square feet, Unit 2 is 2,233 square feet, Unit 1: 12 Units, Unit 2: 11 Units, 23 units with A/C, Estimated age: 2023, Air conditioning, Balcony/patio, Dining room, Dishwasher, Eat-in kitchen, In-unit laundry, Individual heat control, Pantry, Primary bedroom bath, Range/oven, Refrigerator, Washer/dryer, Wood or sim. wood floor, Air conditioning, Balcony/patio, Dining room, Dishwasher, Eat-in kitchen, In-unit laundry, Individual heat control, Pantry, Primary bedroom bath, Range/oven, Refrigerator, Washer/dryer, Wood or sim. wood floor
Exterior Features
Stone, Vinyl, Wood
Water Features
Unit 1 - landlord pays water?: No, Unit 2 - landlord pays water?: No, 23 water heaters, Municipal sewer, Municipal water
Heating
Unit 1 - landlord pays heat?: No, Unit 2 - landlord pays heat?: No, Heating fuel: Natural Gas, 23 furnaces
Lot
2 estimated total acres
Miscellaneous
Total income: $571,848, Total expenses: $165,577, Net operating income: $406,271, Unit 1 rent: $0 per month, Unit 2 rent: $0 per month, Internet - Cable
Parking
Unit 1 parking: 2 Car Garage, Unit 2 parking: 2 Car Garage
Property
Zoning: R3-12
Taxes
Tax year: 2025, Net taxes: $105,812
Utilities
Unit 1 - landlord pays electric?: No, Unit 2 - landlord pays electric?: No, Separate elec meters, Separate gas meters, Separate water meters
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