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0 Marian Drive

Fulton, WI 53534
  • $169,000
  • STATUS: Active
  • ON SITE: 164 Days
  • ID#: 1963807
UPDATED: 74 min ago
$169,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 600
    SQFT
  • $282
    $/SQFT
Neighborhood:
Type:
Commercial
County:
Area:

School Ratings & Info

Listing provided by Best Realty of Edgerton: 608-884-8468

Description

Unique investment opportunity to own your own water system. 49 accounts pay $123 every three months. Cap rate of 10.89% based on current list price & 2024 estimated financials. Great cash flow without the hassle of tenants. Equipment in well house was upgraded in 2017-2018 with updated pressure tank, pump, electronic system, etc (over $56,000 in upgrades). System has the potential to add additional homes on with additional land being acquired and developed (would need a new well drilled, but pump house equipment is potentially set up for future additional homes. Buyer to verify if important). Brand new siding installed in 2023. Financials listed for 2024 are estimates. 2023 financials are YTD with Q4 estimated.

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© 2024 South Central Wisconsin MLS Corporation. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or HomeTeam4u | Stark Company Realtors. Data last updated: 2024-02-25T15:41:35.583.
www.hometeam4u.com/homes/143343691
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0 Marian Drive Fulton, WI 53534

  • Price: $169,000
  • Status: Active
  • On Site: 164 Days
  • Updated: 74 min ago
  • ID#: 1963807
0
Beds
0
Baths
0
½ Baths
0.09
Acres
600
SQFT
$282
$/SQFT
Neighborhood:
Fulton - T
County:
Rock
Area:
Fulton - T
Property Description
Unique investment opportunity to own your own water system. 49 accounts pay $123 every three months. Cap rate of 10.89% based on current list price & 2024 estimated financials. Great cash flow without the hassle of tenants. Equipment in well house was upgraded in 2017-2018 with updated pressure tank, pump, electronic system, etc (over $56,000 in upgrades). System has the potential to add additional homes on with additional land being acquired and developed (would need a new well drilled, but pump house equipment is potentially set up for future additional homes. Buyer to verify if important). Brand new siding installed in 2023. Financials listed for 2024 are estimates. 2023 financials are YTD with Q4 estimated.
Exterior Features

Building Parking 1-5 spacesOnsiteGravel Exterior Wood Loading Docks 0 Location Free standingResidential area Roof Composition Type Service

Interior Features

Basement Slab/None Ceiling Height Max 8 Ceiling Height Min 8 Heating Cooling No heat Unit1 Gross Sq Ft 600

Property Features

Annual Operating Expenses 3771 Business Sale Yes City Town Or Village Town County Quarter Rock NE Documents On File Fixtures & equipmentInventory listP & L statement Fuel N/A Gross Operating Income 24108 Lease Only No Lease Type None Licenses Other Mailing City Edgerton Net Operating Income 20337 Net Taxes 147 Present Use Service Real Estate Sale Yes Sale Includes Business nameEasementsCovenantsEquipmentCustomer list Source Sq Ft Seller Tax Year 2022 Tenant Pays N/A Unit1 Annual Rent Per Sq Ft 0 Water Waste WellNo sewer Year Built Source Other Zoning Commercial

Listing information © 2024 South Central Wisconsin MLS.
Listing provided courtesy of Best Realty of Edgerton: .



© 2024 South Central Wisconsin MLS Corporation. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or HomeTeam4u | Stark Company Realtors. Data last updated: 2024-02-25T15:41:35.583.
 
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HomeTeam4u | Stark Company Realtors
1625 W Main Street
Sun Prairie WI, 53590
Listing provided by Best Realty of Edgerton: 608-884-8468