245 Summit Ave

Wales, Wisconsin 53183
Closed / MLS #1715809 / Multiple Unit (2-4) / Wales
Listing information updated 8/18/2021 at 6:10pm
Fantastic DEVELOPMENT opportunity to own an existing 8 unit apartment & build additional units on the 2.++ acre site. Existing bldg was built in 1970, all 2 BR, 1BA units with electric heat & wall-sleeve A/C. Clean daylight basement is heated with a 2010 gas FA furnace. Large storage lockers, 2 sets of coin-op laundry machines. Roof tear-off in 2013. Newer carpeting & laminate flooring in some units. Upper units have a balcony off LR. Some very long term tenants. Building was connected to municipal sewer in 2016, freeing up land for additional buildings to be built by future owner.Septic system was abandoned, tanks & vent pipes removed. The GIS ''map'' and the Village of Wales' R-4 Multifamily Residential District Ordinance & Parking Requirements are available through ''Documents''

Full Features

Exterior Type:
Brick
Basement:
Block,Laundry Facilities,Full
Cooling System:
Wall/Sleeve Air, Forced Air
Heating System:
Electric, Wall/Sleeve Air, Natural Gas, Indiv. Heating Units, Fo
Pool:
No
Age:
51 Years
Roof Type:
Composition
Parking Type:
0 space(s) inside,18 space(s) outside
Water Front:
No
Square Feet:
N/A
Lot Size:
2.6 acres
Acreage:
2.60

Taxes & Assessments

Tax Amount:
$10,456
Tax Year:
2020
Assessments:
$8

Location

Zip Code:
53183
City:
Wales
County:
Waukesha

Schools

Elementary School:
N/A
Middle School:
Kettle Moraine
High School:
Kettle Moraine

Listing Office: M3 Realty

Listing Office Phone: 262.787.8995

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245 Summit Ave is a multiple unit (2-4) which sold for $980,000. This multiple unit (2-4) has been listed on @properties since October 20th, 2020 and was built in 1970. Nearby schools include Kettle Moraine.