$1,300,000
SOLD OCT 4, 2024

W220N9009 Waukesha V Menomonee Falls, WI 53051

-- Bed
-- Bath
9,360 Sq Ft
5.29 Acres

Recently Sold

$139 Per Sq Ft

2% Below List Price

1 Day on Market

About This Home

As of October 2024

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.

Last Agent to Sell the Property

Bob Sefiddashti

Shorewest Realtors, Inc. Brokerage Email: PropertyInfo@shorewest.com License #62213-94 Listed on: 08/20/2024

Shorewest Realtors, Inc.

Last Buyer's Agent

Shannon Combs

RE/MAX Lakeside-Central License #59327-90

RE/MAX Lakeside-Central

Property Details

Home Type

  • Multi-Family

Home Design

  • Vinyl Siding

Interior Spaces

  • 9,360 Sq Ft Home
  • Basement
  • Crawl Space

Schools

  • Templeton Middle School
  • Hamilton High School

Additional Features

  • 5.29 Acre Lot
  • Septic System

Community Details

  • Operating Expense $21,038
  • Net Operating Income $123,742

Listing and Financial Details

  • Exclusions: Refrigerators And Stove For Unit #9
  • Tenant pays for electricity, heat, gas
  • Assessor Parcel Number LSBT0148983

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Sub Type: Multi-Family
  • Prop. Type: Multi-Family
  • Lot Size Acres: 5.29
  • Inclusions: 13 Units Refrigerators and Stoves
  • Directions: County Line Rd. (Hwy Q) to Townline Rd, South on Townline Rd (Approximately 3/4 mile) to W220N9009 Townline Rd. Property is located along the west side of the road.
  • Attribution Contact: PropertyInfo@shorewest.com
  • Special Features: None

Interior Features

  • Owner Pays: Other
  • Has Basement: Crawl Space
  • Basement YN: Yes

Exterior Features

  • Exclusions: Refrigerators And Stove For Unit #9
  • Construction Type: Vinyl

Garage/Parking

  • Attached Garage: No
  • Parking Features: Outdoor Space

Utilities

  • Sewer: Septic System

Schools

  • Junior High Dist: Hamilton
  • High School: Hamilton
  • Middle Or Junior School: Templeton

Lot Info

  • Lot Size Sq Ft: 230432.4
  • Parcel #: LSBT0148983

Rental Info

  • Tenant Pays: Electricity, Heat, Gas

Multi Family

  • Property Net Operating Income: 123742
  • Annual Operating Expense: 21038

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2024
Closed on
Oct 4, 2024
Sold by
Mtkcr Investments Llc
Bought by
Town Line Town Homes Llc
Seller's Agent
Bob Sefiddashti
Shorewest Realtors, Inc.
Buyer's Agent
Shannon Combs
RE/MAX Lakeside-Central
List Price
$1,325,000
Sold Price
$1,300,000
Premium/Discount to List
-$25,000
-1.89%
Views
7

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.83%
Original Mortgage
$975,000
Outstanding Balance
$890,798
Interest Rate
6.35%
Mortgage Type
Credit Line Revolving
Estimated Equity
$480,682

Purchase Details

Closed on
Jul 9, 2020
Sold by
Town Line Apartments Llc
Bought by
Mtkcr Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$581,600
Interest Rate
3.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 22, 2012
Sold by
Vanpietersom Audrey
Bought by
Town Line Apartments Llc

Purchase Details

Closed on
Apr 28, 2011
Sold by
Vanpietersom Owen and Vanpietersom Van Pietersom
Bought by
Vanpietersom Owen W and Vanpietersom Van Pietersom
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $1,300,000 None Listed On Document
Warranty Deed $687,000 None Available
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $975,000 Credit Line Revolving
Previous Owner $581,600 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2025 07/27/25 For Rent $1,450 0.0% --
05/05/2025 05/05/25 Off Market $1,450 -- --
03/31/2025 03/31/25 Price Changed $1,450 -3.3% $2 / Sq Ft
03/21/2025 03/21/25 For Rent $1,500 0.0% --
10/04/2024 10/04/24 Sold $1,300,000 -1.9% $139 / Sq Ft
08/20/2024 08/20/24 For Sale $1,325,000 -- $142 / Sq Ft
Source: Metro MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Bob Sefiddashti

    Seller's Agent in 2024

    Bob Sefiddashti

    Shorewest Realtors, Inc.

    (414) 217-6783

    1 in this area

    61 Total Sales

    Bob Sefiddashti
    Section Image
  • Shannon Combs

    Buyer's Agent in 2024

    Shannon Combs

    RE/MAX Lakeside-Central

    (414) 759-6733

    1 in this area

    80 Total Sales

    Shannon Combs
    Section Image
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Map

Source: Metro MLS

MLS Number: 1888464

Metro MLS

Wisconsin Waukesha County Menomonee Falls 53051

W220N9009 Waukesha V, Menomonee Falls, WI

This home is located at W220N9009 Waukesha V, Menomonee Falls, WI 53051 and is currently priced at $1,300,000, approximately $138 per square foot. W220N9009 Waukesha V is a home located in Waukesha County with nearby schools including Templeton Middle School, Hamilton High School, and Grace Evangelical Lutheran School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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IDX listing data provided by Multiple Listing Service, Inc. Information is supplied by seller and other third parties and has not been verified.

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