1550 James Dr Sparta, WI 54656
Estimated payment $16,572/month
About This Home
4 buildings, 20 - 2 bed, 1 bath units, 13 garages. Well located, great rental history, extremely low vacancy rate, low maintenance costs, tenant paid utilities, and all pet free. These building have been well maintained and updated over the last 20 years. Building D was built in 2020 and is ADA compliant. At that time, concrete for sidewalks was added and the parking lot expanded with new blacktop. Building B and C, windows, decks, doors and entrances have been redone within the last 10 years. All units have washer/dryer hook ups expect the second floor of Building A, however, there is room for a 2 sets of coin operated units on the second floor. All tenants are month to month. A great investment, fully occupied and the ability to raise rents to market rates.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $35,733
Lot Details
- 1.36 Acre Lot
Home Design
- Vinyl Siding
Interior Spaces
- 18,720 Sq Ft Home
- Basement
- Crawl Space
Community Details
- Operating Expense $200
- Net Operating Income $19,205
Listing and Financial Details
- Exclusions: Seller and tenant personal property
- The owner pays for electric/public
- Assessor Parcel Number 281019122000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $35,733 | $2,276,200 | $138,600 | $2,137,600 |
| 2023 | $31,628 | $1,979,400 | $138,600 | $1,840,800 |
| 2022 | $27,496 | $1,554,600 | $138,600 | $1,416,000 |
| 2021 | $26,379 | $1,369,900 | $138,600 | $1,231,300 |
| 2020 | $17,528 | $889,900 | $138,600 | $751,300 |
| 2019 | $16,530 | $654,100 | $80,100 | $574,000 |
| 2018 | $16,232 | $654,100 | $80,100 | $574,000 |
| 2017 | $15,732 | $654,100 | $80,100 | $574,000 |
| 2016 | $15,469 | $649,800 | $75,800 | $574,000 |
| 2015 | $16,726 | $649,800 | $75,800 | $574,000 |
| 2014 | $15,526 | $649,800 | $75,800 | $574,000 |
| 2011 | $15,468 | $649,800 | $75,800 | $574,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/14/2025 07/14/25 | Price Changed | $2,495,000 | -3.1% | $133 / Sq Ft |
| 06/02/2025 06/02/25 | Price Changed | $2,575,000 | -2.8% | $138 / Sq Ft |
| 04/24/2025 04/24/25 | For Sale | $2,650,000 | -- | $142 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $655,000 | -- | |
| Warranty Deed | $640,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $895,000 | Commercial | |
| Closed | $325,000 | Commercial | |
| Closed | $159,285 | Commercial | |
| Closed | $17,588 | Commercial | |
| Closed | $81,508 | No Value Available | |
| Closed | $81,508 | No Value Available |
Source: Metro MLS
MLS Number: 1914955
APN: 281-01912-2000
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