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.
Menomonee Falls is located in Wisconsin. 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.
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.