245 Summit Ave, Wales WI 53183-9655 $1,200,000

245 Summit Ave, Wales 8 Units $1,200,000 Active

  • Multi-Family
  • Status: Active
  • Total Number of Units: 8
  • Est. Square Footage: 7,884
  • Est. Year Built: 1970
  • Est. Acreage: 2.87
  • School District: Kettle Moraine
  • High School: Kettle Moraine
  • County: Waukesha
  • Property Taxes: $10,203
  • Property Tax Year: 2019
  • Postal Municipality: Wales
  • MLS#: 1715809
  • Listing Company: M3 Realty
  • Price/SqFt: $152

245 Summit Ave, Wales, WI 53183-9655 - 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

Additional Features
  • Block, Full, Laundry Facilities
  • Heating/Cooling: Electric, Forced Air, Indiv. Heating Units, Natural Gas, Wall/Sleeve Air
  • Water Waste: Municipal Sewer, Private Well
  • Apartment Building
  • Roof: Composition
  • Waterfront/Access: N
  • Lot Size: Irregular shape - see GIS
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
1715809 Active Oct 21 2020 7:07PM $1,200,000 40

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