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Additional details
Listed by Best Realty of Edgerton
$154,900
Est. payment /mo
600 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 600 sqft
Price per Sqft $258
Municipality FULTON
MLS Listing ID 1999550
Annual Tax Amount $197
Tax Year 2024
Lot Size 3,920 Sqft
Property Description
Unique investment opportunity to own your own water system. 49 accounts pay $123 every three months. Cap rate of over 13% based on current list price & 2024 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.
Location
State WI
County Rock
Zoning Commercial
Rooms
Basement None, None / Slab
Interior
Cooling No Heating
Inclusions Pressure tank, well, well pump, electronic system for well pump, piping to shutoffs to each home.
Exterior
Roof Type Composition/Fiberglass
Building
Dwelling Type Free Standing
Sewer Well, No Waste Disposal System
New Construction N
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