245 Summit Ave Wales WI 53183-9655 $1,150,000

Property Description

245 Summit Ave Wales WI 53183-9655 - Fantastic DEVELOPMENT opportunity to own an existing 8 unit apartment & build additional units on the 2.++ acre site. Existing bldg was built in 1970, all 2 BR, 1BA units with electric heat & 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 & 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 land for additional buildings to be built by future owner.Septic system was abandoned, tanks & vent pipes removed. The GIS ''map'' and the Village of Wales' R-4 Multifamily Residential District Ordinance & Parking Requirements are available through ''Documents''

Multi-Family
Status: Sold
Total Number of Units: 8
Unit Type 1 # of Units: 1
Unit Type 1 Avg Rent: $950
Unit Type 2 # of Units: 1
Unit Type 2 Avg Rent: $860
Unit Type 3 # of Units: 1
Unit Type 3 Avg Rent: $860
Unit Type 4 # of Units: 1
Unit Type 4 Avg Rent: $950
Outside Parking: 18
Est. Square Footage: 7,884
Est. Year Built: 1970
School District: Kettle Moraine
High School: Kettle Moraine
County: Waukesha
Postal Municipality: Wales
MLS#: 1715809
Listing Company: M3 Realty
Price/SqFt: $145
Zip Code: null

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