PeteWaite
BEDS0
BATHS
MLS#2035233
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONWyndham Hills
SCHOOLSun Prairie
Listing Courtesy of:
Stark Company, REALTORS
Agency Contact: Pref: 608-843-4442
Agent Phone: (608) 576-5865
Property Description
Excellent investment opportunity in one of Sun Prairie's most desirable areas! Built in 2000 and tucked into a quiet residential setting with quick access to shopping, dining, parks, schools and all of Sun Prairie's amenities. Each of the four oversized units features 2 bedrooms and 2 full bathrooms, a spacious kitchen, generous living areas, in-unit washer and dryer, and a private garage. Well-designed floor plans and strong rental appeal make this an attractive long-term investment, with market rents estimated at $1,750+/month per unit. At market rents, the property offers an attractive gross rent multiplier (~10.5 GMR)and is being offered below several recent comparable multifamily sales, creating a compelling basis for both current income and long-term appreciation. Seller is selling as part of a 1031 Exchange.
Property Features
Property Type: Multi Unit - Multiple
Fuel Type: Electric
Home Style: 2 story
Stories: 2.0
Taxes: $14,512
Year Built: 2000
Units
Unit 1:
Bedrooms: 2
Full Baths: 2
Parking Description: 1 Car Garage
Square Feet: 1135
Unit 2:
Bedrooms: 2
Full Baths: 2
Parking Description: 1 Car Garage
Square Feet: 1135
Unit 3:
Bedrooms: 2
Full Baths: 2
Half Baths: 1135
Parking Description: 1 Car Garage
Square Feet: 1135
Unit 4:
Bedrooms: 2
Full Baths: 2
Parking Description: 1 Car Garage
Square Feet: 1135
Amenities
Vinyl
Brick
Feature Descriptions
Days on Site: 7
Exterior: Vinyl, Brick
Units: 4
Water/Waste: Municipal sewer, Municipal water
Local Schools
High School: Sun Prairie West
Middle School: Prairie View
Elementary School: Horizon
School District: Sun Prairie
Listed By / Shown By
Listed By
Agency Name: Stark Company, REALTORS
Shown By
Agent Name: Pete Waite
Agent Phone: (608) 576-5865
Estimate Your Payment
Estimated Payment
$ 6,216.47 per month $4,746.09 Principal & Interest $1,209.33 Property Tax $261.04 Homeowner's InsuranceChange Payment Information
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585 Kelvington Drive | MLS# 2035233
This multi-family property located at 585 Kelvington Drive, Sun Prairie, WI 53590 is currently listed for sale by Stark Company, REALTORS, with an asking price of $895,000. Kelvington Drive is located within the Sun Prairie school district. Search Sun Prairie real estate on pwaite.starkhomes.com today.