Menomonee Falls WI Multi Family for Sale
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.21 Acres
- Year built:
- 1957
- Baths:
- MLS#:
- WIREX_METRO1892195
View additional info
Courtesy: Shorewest Realtors, Inc.
ADDITIONAL INFORMATION
Great Investment Opportunity! All brick 4 family in the heart of Downtown Menomonee Falls. This multi family home has all newer vinyl windows, newer roof and some newer exterior doors. The sidewalks and decks have been recently replaced. Storage in basement. Ample parking behind building. Long term owner. Parking in back of unit for up to 7 cars. Market rents should be $800+ per month. Invest now before someone else does!
- Type:
- Multi-Family
- Sq.Ft.:
- 9,360
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 5.29 Acres
- Year built:
- 1940
- Baths:
- MLS#:
- WIREX_METRO1888464
View additional info
Courtesy: Shorewest Realtors, Inc.
262-255-2800
ADDITIONAL INFORMATION
This tremendous Multi-Family property generates cash flow with 9.5 cap rate, low vacancy and sits on 5.29 acres in the Town of Lisbon. The property consists of 5 buildings (14 units) & 36 outside parking spaces. Units w/similar layouts include; living room, kitchen, dining area, 2 BRs & 1 BA. Since 2020 seller has done extensive updates on the property including; new roof on all buildings (2023), updated approx. 12 units with new cabinets, appliances, countertops, flooring, bathrooms, new asphalt for parking lots, 1 new septic system & many units w/new mechanicals, windows, & all exterior doors. Property has potential for more development w/5.29 acres of land & rent increase. Tenants pay gas, electric & heat. Great location & minutes from shopping, entertainment & the freeway system.
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Menomonee Falls Real Estate
The median home value in Menomonee Falls, WI is $427,500. This is higher than the county median home value of $295,600. The national median home value is $219,700. The average price of homes sold in Menomonee Falls, WI is $427,500. Approximately 71.86% of Menomonee Falls homes are owned, compared to 24.17% rented, while 3.98% are vacant. Menomonee Falls real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Menomonee Falls real estate agent to arrange a tour today!
Menomonee Falls, Wisconsin has a population of 36,411. Menomonee Falls is more family-centric than the surrounding county with 35.19% of the households containing married families with children. The county average for households married with children is 34.4%.
The median household income in Menomonee Falls, Wisconsin is $77,069. The median household income for the surrounding county is $81,140 compared to the national median of $57,652. The median age of people living in Menomonee Falls is 43.8 years.
Menomonee Falls Weather
The average high temperature in July is 80.6 degrees, with an average low temperature in January of 10.6 degrees. The average rainfall is approximately 34.6 inches per year, with 46 inches of snow per year.