Stately 8-unit fully occupied apartment building offered to add to your investment portfolio or to start something new you have only dreamed of! All units offer 2 bds/1 bath, storage lockers and ample parking. 7 of 8 units fully renovated with LVP floors, SS appliances, granite countertops and in-unit laundry. Common areas updated and units are separately metered for heat. Upper units have balconies. Surface parking for 18 vehicles. Take Seller's draft plans to construct 14 townhomes on the property (then, totaling 22 units), create your own development project or enjoy an existing cash flowing property! So many options! Contact Village for further details on the development & approval process for Seller's draft plans or your own. Broker has not verified building/property dimensions.
Closed
$1,532,700
245 East Summit AVENUE, Wales, WI 53183
--beds
--baths
--sqft
Multi Family, Apartment
Built in 1970
-- sqft lot
$1,630,100 Zestimate®
$--/sqft
$2,042 Estimated rent
Home value
$1,630,100
$1.50M - $1.78M
$2,042/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: June 25, 2024 at 06:12am
Listed by:
Krisstina Ebner 414-250-0700,
Port & Bay Real Estate Co. LLC
Bought with:
The Roth Team*
Source: WIREX MLS,MLS#: 1874982
Originating MLS: Metro MLS
Originating MLS: Metro MLSFacts & features
Interior
Heating
- Electric
Cooling
- Wall/Sleeve Air
Appliances
- Included: Dryer, Washer, Seller Owned: Water Heater, Water Softener
Features
- Basement: Block,Full,Laundry Facilities
- Has fireplace: No
Property
Parking
- Parking features: Outdoor Space, Inside Parking, Outside
Lot
- Size: 2.60 Acres
Details
- Parcel number: WLSV1453999013
- Zoning: R4
- Special conditions: Arms Length
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick/Stone, Brick
Condition
- 21+ Years
- New construction: No
- Year built: 1970
Utilities & green energy
- Sewer: Public Sewer
- Water: Well
Community & neighborhood
Location
- Region: Wales
- Municipality: Wales
Price history
| Date | Event | Price |
|---|---|---|
| 7/14/2025 | Listing removed | $1,500 |
Source: Zillow Rentals | ||
| 6/2/2025 | Listed for rent | $1,500 |
Source: Zillow Rentals | ||
| 4/15/2025 | Listing removed | $1,500 |
Source: Zillow Rentals | ||
| 3/28/2025 | Listed for rent | $1,500 |
Source: Zillow Rentals | ||
| 3/12/2025 | Listing removed | $1,500 |
Source: Zillow Rentals | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $12,427 -1.9% | $1,069,100 |
| 2022 | $12,664 -7.8% | $1,069,100 |
| 2021 | $13,742 +31.4% | $1,069,100 +61% |
Find assessor info on the county website
Neighborhood: 53183
Nearby schools
GreatSchools rating
- 10/10Wales Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 10/10Kettle Moraine Middle SchoolGrades: 6-8Distance: 4.6 mi
- 8/10Kettle Moraine High SchoolGrades: 9-12Distance: 0.3 mi
Schools provided by the listing agent
- Middle: Kettle Moraine
- District: Kettle Moraine
Source: WIREX MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$1,630,100
2% more+ $32,602
With Zillow Showcase(estimated)
$1,662,702