Description
Excellent investment opportunity in one of Sun Prairie's most desirable areas! Built in 2000 and tucked into a quiet residential setting with quick access to shopping, dining, parks, schools and all of Sun Prairie's amenities. Each of the four oversized units features 2 bedrooms and 2 full bathrooms, a spacious kitchen, generous living areas, in-unit washer and dryer, and a private garage. Well-designed floor plans and strong rental appeal make this an attractive long-term investment, with market rents estimated at $1,750+/month per unit. At market rents, the property offers an attractive gross rent multiplier (~10.5 GMR)and is being offered below several recent comparable multifamily sales, creating a compelling basis for both current income and long-term appreciation. Seller is selling as part of a 1031 Exchange.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
County: Dane
High School: Sun Prairie West
Subdivision: Wyndham Hills
Listed By:
Stark Company, REALTORS
Pref: 608-843-4442
SCWMLS
MLS ID: 2035236
Units
Unit 1:
Bedrooms: 2
Full Baths: 2
Parking Description: 1 Car Garage
Square Feet: 1135
Unit 2:
Bedrooms: 2
Full Baths: 2
Parking Description: 1 Car Garage
Square Feet: 1135
Unit 3:
Bedrooms: 2
Full Baths: 2
Parking Description: 1 Car Garage
Square Feet: 1135
Unit 4:
Bedrooms: 2
Full Baths: 2
Parking Description: 1 Car Garage
Square Feet: 1135
Listing Courtesy of:
Stark Company, REALTORS
Agency Contact: Pref: 608-843-4442
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586 N Westmount Drive, Sun Prairie, WI 53590.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $895,000 | $895,000 | $895,000 |
| Down Payment | $179,000 | $31,325 | $223,750 |
| Monthly Mortgage Amount | $4,704 | $5,773 | $5,755 |
| Taxes | $1246 | $1246 | $1246 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $537 | $0 |
| Monthly Estimated Total | $6,211 | $7,817 | $7,262 |