NOT LISTED FOR SALE

2075 Imperial Ln Unit 2079 Green Bay, WI 54302

Imperial Pride Neighborhood

Estimated Value: $521,000 - $665,082

8 Beds
4 Baths
4,896 Sq Ft
$126/Sq Ft Est. Value

Last Sold July 18, 2023

Last sale price $550,000 $112 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $4,293/month

118 Days on Market

About This Home

As of July 2023

Investor opportunity! 3 duplexes located on one lot. Each unit is 2BR 1Bath & full basement, making them an attractive option for renters. Low maintenance stucco exterior. Electric heat & separate utilities. Proforma val of $630k @ 10% cap rate and $786k @ 8% cap rate. Excellent potential for cash flow and returns on investment. The location of these duplexes is ideal being close to schools, shopping & entertainment options. This makes it a desirable rental option for tenants and increases its potential for profitability. Investors can take advantage of cost segregation & bonus depreciation to reduce their tax liability and increase cash flow potential. With the potential for over 25% cash on cash return, this is an outstanding opportunity to invest in real estate.

Last Agent to Sell the Property

Breanna Johnson

Keller Williams Green Bay License #94-92531 Listed on: 03/21/2023

Keller Williams Green Bay

Last Buyer's Agent

Breanna Johnson

Keller Williams Green Bay License #94-92531 Listed on: 03/21/2023

Keller Williams Green Bay

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,246

Year Built

  • 1977

Lot Details

  • 0.36 Acre Lot
  • Cul-De-Sac

Parking

  • 6 Parking Spaces

Home Design

  • Poured Concrete
  • Stucco

Interior Spaces

  • 1-Story Property

Utilities

  • Separate Water Meter

Community Details

  • 3 Buildings
  • 6 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,246

Year Built

1977

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Type: Multifamily (3+ Unit)
  • Stylebuilding Type: 1 Story, 2 side by side
  • Tax Municipality: Green Bay, City of
  • Total Units: 6
  • Unit Identifier: City of Green Bay
  • Remarks Public: Investor opportunity! 3 duplexes located on one lot. Each unit is 2BR 1Bath & full basement, making them an attractive option for renters. Low maintenance stucco exterior. Electric heat & separate utilities. Proforma val of $630k @ 10% cap rate and $786k @ 8% cap rate. Excellent potential for cash flow and returns on investment. The location of these duplexes is ideal being close to schools, shopping & entertainment options. This makes it a desirable rental option for tenants and increases its potential for profitability. Investors can take advantage of cost segregation & bonus depreciation to reduce their tax liability and increase cash flow potential. With the potential for over 25% cash on cash return, this is an outstanding opportunity to invest in real estate.
  • Tax Municipal Sub Area: Southeast Green Bay
  • Water Features Other: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1977

Interior Features

  • Source Total Fin Sq Ft: Assessor/Public Record
  • Sq Ft Fin Above Grade Est: 4608
  • Sq Ft Fin Below Grade Est: 288
  • Sq Ft Total Fin Above And Below: 4896
  • Price Per Sq Ft: 112.34

Exterior Features

  • Exterior Finish Of Building: Stucco
  • Foundation For Building: Poured Concrete

Garage/Parking

  • Number of Car Spaces: 16x12
  • Number Of Total Parking Outside: 6
  • Building Parking: Outside

Utilities

  • Utilities: Indv Control/Unit, Sep Elec Meters/Unit, Sep Water Meter/Unit
  • Heating Fuel Type: Electric
  • Number of Ranges: 6
  • Number Of Water Heaters: 6
  • Waste For Building: Municipal Sewer
  • Water For Building: Municipal Public Water
  • Monthly Water Expense: 1977

Schools

  • School District: Green Bay Area

Lot Info

  • Estimated Acres: 0.36
  • Lot Description: Cul-De-Sac
  • Estimated Lot Sq Ft: 15507
  • Source Lot Sq Ft: Assessor/Public Record
  • Zoning: Multi-Family(5+Units)
  • Geo Address Line: 2075 Imperial Ln
  • Geo Primary City: Green Bay
  • Geo Quality: 0.95
  • Geo Subdivision: WI
  • Geo Zoom Level: 16

Tax Info

  • Assessor Parcel Number: 21-3349
  • Tax Net Amt: 6246.42
  • Tax Year: 2021

Multi Family

  • Number Of Refrigerators: 6
  • Total Numberof Buildings: 3
  • Bedrooms: 2

MLS Schools

  • School District: Green Bay Area

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2023
Closed on
Jul 18, 2023
Sold by
Mb Homes Llc
Bought by
Prestige Investments Llc
Seller's Agent
Breanna Johnson
Keller Williams Green Bay
Buyer's Agent
Breanna Johnson
Keller Williams Green Bay
List Price
$565,000
Sold Price
$550,000
Premium/Discount to List
-$15,000
-2.65%
Views
57
Current Estimated Value
$618,521

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,521
Avg. Annual Appreciation
5.31%
Original Mortgage
$452,000
Outstanding Balance
$440,519
Interest Rate
6.67%
Estimated Equity
$178,002

Purchase Details

Closed on
Mar 10, 2023
Sold by
Srenaski Kevin J and Srenaski Gloria L
Bought by
Mb Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Prestige Investments Llc $550,000 Town N' Country Title Llc
Mb Homes Llc $400,000 Town N' Country Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Prestige Investments Llc $452,000
Previous Owner Mb Homes Llc $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/18/2023 07/18/23 Sold $550,000 -2.7% $112 / Sq Ft
03/21/2023 03/21/23 For Sale $565,000 -- $115 / Sq Ft
Source: REALTORS® Association of Northeast Wisconsin

Tax History Compared to Growth

Source: Public Records

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 $12,286 $442,200 $39,600 $402,600
2023 $7,445 $388,800 $39,600 $349,200
2022 $7,195 $388,800 $39,600 $349,200
2021 $6,246 $254,600 $27,500 $227,100
2020 $6,200 $254,600 $27,500 $227,100
2019 $6,059 $254,600 $27,500 $227,100
2018 $5,884 $254,600 $27,500 $227,100
2017 $9,812 $254,600 $27,500 $227,100
2016 $8,611 $254,600 $27,500 $227,100
2015 $7,235 $254,600 $27,500 $227,100
2014 $7,243 $254,600 $27,500 $227,100
2013 $7,243 $254,600 $27,500 $227,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTORS® Association of Northeast Wisconsin

MLS Number: 50272218

REALTORS® Association of Northeast Wisconsin

APN: 21-3349