W220N9009 Town Line Rd, Lisbon, WI 53051 $1,599,000

W220N9009 Town Line Rd, Lisbon 14 Units $1,599,000 Active

  • 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

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.

Additional Features
  • Crawl Space
  • Heating/Cooling: Forced Air, Natural Gas
  • Water Waste: Private Well, Septic System
  • Inclusions: 13 Units Refrigerators and Stoves
  • Other
  • Waterfront/Access: N
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 $1,699,000 110
1860360 Active Delayed Jan 9 2024 2:15AM 110
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

Estimated Monthly Payment

$3,287 per month
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Bob Sefiddashti

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