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

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  • 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

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

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Listed by M3 Realty