Description
Unique investment opportunity to own your own water system. 49 accounts pay $106.50 every three months. Cap rate of 8.055% based on current list price & 2021 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 development (would need a new well drilled, but pump house equipment is potentially set up for future additional homes. Buyer to verify if important).
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0BEDS
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0.09ACRES
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0BATHS
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01/2 BATHS
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600SQFT
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$308$/SQFT
School Ratings & Info
Description
Unique investment opportunity to own your own water system. 49 accounts pay $106.50 every three months. Cap rate of 8.055% based on current list price & 2021 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 development (would need a new well drilled, but pump house equipment is potentially set up for future additional homes. Buyer to verify if important).
© 2023 South Central Wisconsin MLS Corporation. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or EXIT Realty HGM. Data last updated: 2023-05-30T09:41:32.103.