4868-4882 Innovation Drive

Deforest, WI 53532
Square Ft.
7,400
$2,775,000
This is a fantastic opportunity to buy two newer 2015 custom designed and meticulously built and maintained 4 unit buildings with large townhome units. All 8 townhomes are 3 br / 2.5 ba / 1,850sf and have attached 2 car garages, covered porches, and in-unit laundry. Each townhome has aRead MoreRead Less
Presented by: ALTUS Commercial Real Estate, Inc. 608-338-1101
Listing Snapshot
Days Online
39
Last Updated
Property Type
Multi Family
Square Ft.
7,400
Lot Size
1.07 Acres
Year Built
2015
MLS Number
2011543
30 Days Snapshot Of 53532
$484k
-15%
(avg) sold price
21
-4%
homes sold
33
-46%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
8 refrigerators, 8 dishwashers, 8 washers, 8 dryers
Basement
None
Building
8 units, 8 three-plus bedroom units, Unit 1 is 1,850 square feet, Unit 2 is 1,850 square feet, Unit 3 is 1,850 square feet, Unit 4 is 1,850 square feet, Unit 1: 4868, Unit 2: 4870, Unit 3: 4872, Unit 4: 4874, 8 units with A/C, Estimated age: 2015
Exterior Features
Brick, Vinyl
Water Features
Unit 1 - landlord pays water?: No, Unit 2 - landlord pays water?: No, Unit 3 - landlord pays water?: No, Unit 4 - landlord pays water?: No, 8 water heaters, 8 water softeners, Municipal sewer, Municipal water
Heating
Unit 1 - landlord pays heat?: No, Unit 2 - landlord pays heat?: No, Unit 3 - landlord pays heat?: No, Unit 4 - landlord pays heat?: No, Heating fuel: Natural Gas, 8 furnaces
Lot
1 estimated total acres
Miscellaneous
Total income: $209,160, Net operating income: $169,729, Unit 1 rent: $2,395 per month, Unit 2 rent: $2,000 per month, Unit 3 rent: $2,000 per month, Unit 4 rent: $2,400 per month
Parking
Unit 1 parking: 2 Car Garage, Unit 2 parking: 2 Car Garage, Unit 3 parking: 2 Car Garage, Unit 4 parking: 2 Car Garage
Property
Zoning: PUD
Taxes
Tax year: 2024, Net taxes: $22,740
Utilities
Unit 1 - landlord pays electric?: No, Unit 2 - landlord pays electric?: No, Unit 3 - landlord pays electric?: No, Unit 4 - landlord pays electric?: No, Separate elec meters, Separate gas meters, Separate water meters
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Brad Brethouwer
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