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1324-1368 S Main Street, Lake Mills, WI 53551
$7,500,000
1324-1368 S Main Street, Lake Mills, WI 53551View this property at 1324-1368 S Main Street, Lake Mills, WI 53551
1324-1368 S Main StreetLake MillsWI53551
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Property Description
Great investment opportunity - just recently completed 23 Luxury Townhouse multi-family units, built in the PERFECT location in a small town and conveniently located for one's working or playing. Only 30 minutes to downtown Madison and 55 minutes to downtown Milwaukee. Currently 22 of the 23 units or 95% are currently rented. Either for long term passive income or for the investor that wants a quick high return with selling each individual unit. Seller was approved by City of Lake Mills for final condo plat for individual home sales (seller will record condo plat prior to closing). Buildings are conjoined duplexes (5 4-unit buildings & 1 3-unit building). Property borders the Glacial Drumlin Trl, close proximity to schools. Seller assist in terms of finance. Set up a private showing today!
Full Property Details
Full Property Details for 1324-1368 S Main St
General
- Price: $7,500,000
- Taxes: $79,919 (2023)
- Status: Active
- Type: Duplex
- MLS ID: 1974925
- Updated: 5/13/2024
- Added to Site: 43 day(s) ago
Interior
- Interior Features: High-Speed Internet
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Parking Features: 2 Spaces, Outside
- Garage Description: 2 Car, Attached
Location
- Municipality: Lake Mills
- County: Jefferson
- Driving Directions: Hwy 94 to Hwy 89
School Information
- School District: Lake Mills
- Elementary School: Lake Mills
- Middle School: Lake Mills
- High School: Lake Mills
Heating & Cooling
- Heating Fuel: Natural Gas
- Heating/Cooling: Forced Air
Utilities
- Water/Sewer: Municipal Water, Municipal Sewer
- Utility Description: Separate Electric Meters, Separate Gas Meters, Separate Water Meters
Structural Information
- Description/Design: Side-by-Side Duplex, Duplex, 2 Stories, Townhouse
- Exterior Const.: Vinyl, Wood, Stone
- Basement Desc.: None/Slab
- Year Built: 2023
Unit Information
- Units in Building: 23
Unit 1
- Square Feet: 1895
- Bedrooms: 3
Unit 2
- Square Feet: 2233
- Bedrooms: 3
- Primary Bedroom: Upper Level, 26 x 19
- Bedroom 2: Upper Level, 13 x 10
- Bedroom 3: Upper Level, 12 x 12
- Living Room: Main Level, 13 x 12,
- Kitchen: Main Level, 21 x 17,
Lot Features
- Lot Size Source: Assessor/Public Record
- Zoning: R3-12
Financial Considerations
- Tax Amount: $79,919
- Tax Year: 2023
- Terms: Seller May Assist
Disclosures and Reports
- Exclusions: Water Softeners
- Inclusions: 23 Stoves, 23 Microwaves, 23 Dishwashers, 23 Refrigerators, 23 Washers, & 23 Dryers
Listed by Bunbury & Assoc, REALTORS
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Schools
Schools serving 1324-1368 S Main St
Rating | Name | Grades | Distance |
---|---|---|---|
155 E Pine St, Lake Mills, WI 53551 | PK-4 | 1.5 mi | |
900 W Milwaukee St, Jefferson, WI 53549 | PK-5 | 6 mi | |
120 S Sanborn Ave, Jefferson, WI 53549 | PK-5 | 6.9 mi | |
501 S Taft Ave, Jefferson, WI 53549 | 6-8 | 6.2 mi | |
211 South St, Cambridge, WI 53523 | 6-8 | 6.8 mi | |
310 S 4th St E, Fort Atkinson, WI 53538 | 6-8 | 10.5 mi | |
615 Catlin Dr, Lake Mills, WI 53551 | 9-12 | 0.5 mi | |
700 W Milwaukee St, Jefferson, WI 53549 | 9-12 | 6.2 mi | |
403 Blue Jay Way, Cambridge, WI 53523 | 9-12 | 6.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1324-1368 S Main St
Date
Details
Price
Change
Source
4/15/2024
Listed
$7,500,000
2578.57%
MLS
10/01/2021
Sold
$280,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1324-1368 S Main St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,870
36%
$127,600
30%
2022
$2,109
2%
$98,300
—
2021
$2,068
82%
$98,300
75%
2020
$1,135
-2%
$56,200
—
2019
$1,157
-8%
$56,200
3%
2018
$1,259
1%
$54,800
—
2017
$1,245
-1%
$54,800
—
2016
$1,261
3%
$54,800
—
2015
$1,223
—
$54,800
—
2014
$1,228
-2%
$54,800
—
2013
$1,258
—
$54,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1324-1368 S Main St
1324-1368 S Main Street, Lake Mills, WI 53551 (MLS# 1974925) is a Duplex property with 0 bedrooms and 0 full bathrooms. 1324-1368 S Main Street is currently listed for $7,500,000 and was received on April 15, 2024. Want to learn more about 1324-1368 S Main Street? Do you have questions about finding other Duplex real estate for sale in Lake Mills? You can browse all Lake Mills real estate or contact a Coldwell Banker agent to request more information.