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

Property Description

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 ''Documents'' in MLS

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: $10,456
Property Tax Year: 2020
Postal Municipality: Wales
MLS#: 1715809
Listing Company: M3 Realty
Price/SqFt: $152

The information which is contained on pages with property data is obtained from a number of different sources and which has not been independently verified or confirmed by the various real estate brokers and agents who have been and are involved in this transaction. If any particular measurement or data element is important or material to buyer, Buyer assumes all responsibility and liability to research, verify and confirm said data element and measurement. Shorewest Realtors is not making any warranties or representations concerning any of these properties. Shorewest Realtors shall not be held responsible for any discrepancy and will not be liable for any damages of any kind arising from the use of this site. REALTOR *MLS* Equal Housing Opportunity