0 Marian Drive Fulton WI 53534 $169,000

Property Description

0 Marian Drive Fulton WI 53534 - Unique investment opportunity to own your own water system. 49 accounts pay $123 every three months. Cap rate of 10.89% based on current list price & 2024 estimated financials. Great cash flow without the hassle of tenants. Equipment in well house was upgraded in 2017-2018 with updated pressure tank, pump, electronic system, etc (over $56,000 in upgrades). System has the potential to add additional homes on with additional land being acquired and developed (would need a new well drilled, but pump house equipment is potentially set up for future additional homes. Buyer to verify if important). Brand new siding installed in 2023. Financials listed for 2024 are estimates. 2023 financials are YTD with Q4 estimated.

Commercial/Business
Status: Active
County: Rock
Est. Square Footage: 600
Acreage: 0.09
Property Taxes: $147
Property Tax Year: 2022
MLS#: 1963807
Listing Company: Best Realty Of Edgerton
Zip Code: null
Number of Units: 1

The information which is contained on pages with property data is obtained from a number of different sources and which has not been independently verified or confirmed by the various real estate brokers and agents who have been and are involved in this transaction. If any particular measurement or data element is important or material to buyer, Buyer assumes all responsibility and liability to research, verify and confirm said data element and measurement. Shorewest Realtors is not making any warranties or representations concerning any of these properties. Shorewest Realtors shall not be held responsible for any discrepancy and will not be liable for any damages of any kind arising from the use of this site. REALTOR *MLS* Equal Housing Opportunity