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.
- Property TypeCommercial
- NeighborhoodN/A
- CountyRock
- Taxes$147
- HOA/Condo/Coop Fees$0
- Days on Site113 Days
- MLS StatusActive
- MLS ID Number1963807
- Home Size Source Owner
- Year BuiltN/A
- Lot Size0.09 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking 1-5 spacesOn SiteGravel
- Sewer None
- Basement NoneNone / Slab
- Acreage 0.09
- Water Well
- Zoning Commercial
Interior Features
- Heating No Heating