For Sale: Elk Mound MLS# 7143165
Active
NEW!
$4,495,000
Commercial: 1 Story
54 br • 36 ba • Built 2022
22.21 acres
Elk Mound Area schools
MLS# 7143165
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Property Description
Rare multifamily investment and development opportunity in Elk Mound! This expansive property offers 9 duplex buildings totaling 18 units, a vacant lot, and additional land, creating a unique opportunity for investors, developers, or owners looking to expand their rental portfolio. Each unit offers approximately 1, 480 square feet with 3 bedrooms and 2 bathrooms, providing spacious and functional living arrangements.
The townhome-style units feature modern finishes including LVT flooring throughout the main living areas, carpeted bedrooms, upgraded kitchen cabinetry, quartz countertops, and stainless steel appliances. Each unit includes a stove, refrigerator, dishwasher, microwave, washer, and dryer. Additional features include gas forced-air heating, central air conditioning, and individual electric water heaters.
Each unit offers private exterior access as well as convenient access from the garage. The buildings feature attractive vinyl siding and stone veneer exteriors with asphalt-shingle roofs, creating a clean, modern appearance with low-maintenance appeal.
With 18 existing 3-bedroom, 2-bathroom units plus a vacant lot and additional land, this property offers an exceptional combination of existing rental housing and future potential. A unique opportunity to acquire a substantial multifamily portfolio with newer construction, desirable finishes, attached garage access, and additional land for future possibilities.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$4,495,000
Property Type:
Commercial
City:
Elk Mound
Garage Spaces:
2
County:
Dunn
Year Built:
2022
State:
WI
Property Style:
1 Story
Zip Code:
54739
Subdivision Name:
Meadows Edge Apartments
Interior
Bedrooms:
54
Bathrooms:
36
Ceiling Height:
8-10
Flooring:
Carpet, Luxury Vinyl Tile
Refrigerators:
One Per Unit
Appliances Included:
- Dishwasher
- Dryer
- Electric Water Heater
- Microwave
- Refrigerator
- Stainless Steel Appliances
- Washer
Basement Details:
None
Exterior
Stories:
One
Garage Spaces:
2
Garage Dimensions:
16 x 24
Garage Size:
590 ft2
Garage Door Height:
9
Garage Door Width:
16
Air Conditioning:
Central Air
Foundation Size:
2,960 ft2
Fencing:
None
Handicap Accessible:
No Stairs External, No Stairs Internal
Road Responsibility:
Private Maintained Road
Heating System:
Forced Air
Parking Features:
Attached Garage
Unit Amenities:
- Ceiling Fan(s)
- Deck
- Kitchen Center Island
- Kitchen Window
- Main Floor Primary Bedroom
Road Frontage:
Private Road
Exterior Material:
Frame
Pool:
None
Roof Details:
- Age 8 Years or Less
- Asphalt
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
22.21
Geolocation:
44.902771632, -91.7668862227
Inclusions:
Building, Fixture/Equipment, Land
Lot Dimensions:
0 x 0
Addl Parcels:
1700822811183400010, 1700822811183400011, 1700822811183400012, 1700822811183400013, 1700822811183400014, 1700822811183400017, 1700822811183400018, 1700822811183400019, 1700822811183400020, 1700822811183400021, 1700822811183400022, 1700822811184300013
Zoning:
- Lot
- Residential-Multi-Family
Schools
School District:
1645
District Phone:
7158795066
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
All Utilities
Financial & Taxes
Tax Year:
2025
Annual Taxes:
None
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
None
Income
Annual Gross Income:
None
Rent
Annual Net Income:
None
Units
Total Units:
18
Miscellaneous
Current Use:
- Residential
- Vacant
Fuel System:
Propane
Owner Occupied:
No
Sewer System:
- Mound Septic
- Septic System Compliant - Yes
- Shared Septic
- Tank with Drainage Field
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
- Shared System
- Well
Power Company Name:
Xcel Energy
Mortgage Calculator
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Chippewa Valley Real Estate, L.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.