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Marty Griepentrog

marty@hameleauctions.com +1(608) 617-9924

Listed by Stark Company, REALTORS • Pref: 608-843-4442

$ 895,000

Est. payment -/mo

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585 Kelvington Drive Sun Prairie, WI 53590

8 Beds

575.5 Baths

4,540 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 2 story

Listing Status Active

Purchase Type For Sale

Square Footage 4,540 sqft

Price per Sqft $197

Subdivision Wyndham Hills

MLS Listing ID 2035233

Bedrooms 8

Full Baths 8

Half Baths 1135

Year Built 2000

Annual Tax Amount $14,512

Tax Year 2025

Lot Size 0.380 Acres

Acres 0.38

Property Sub-Type 2 story

Property Description

Excellent investment opportunity in one of Sun Prairie's most desirable areas! Built in 2000 and tucked into a quiet residential setting with quick access to shopping, dining, parks, schools and all of Sun Prairie's amenities. Each of the four oversized units features 2 bedrooms and 2 full bathrooms, a spacious kitchen, generous living areas, in-unit washer and dryer, and a private garage. Well-designed floor plans and strong rental appeal make this an attractive long-term investment, with market rents estimated at $1,750+/month per unit. At market rents, the property offers an attractive gross rent multiplier (~10.5 GMR)and is being offered below several recent comparable multifamily sales, creating a compelling basis for both current income and long-term appreciation. Seller is selling as part of a 1031 Exchange.

Location

State WI

County Dane

Area Sun Prairie - C

Zoning Commercial

Direction Hwy 10 to N Westmount Dr to Kelvington Dr

Rooms

Basement None, Poured concrete foundatn

Interior

Heating Radiant

Inclusions 4 Range/ovens, 4 refrigerators, 4 dishwashers, 4 microwaves, 4 washers, 4 dryers, 4 wall AC units, 1 water softener

Heat Source Electric

Exterior

Parking Features 1 stall garage, Attached

Utilities Available Separate elec meters

Building

Water Municipal sewer, Municipal water

Structure Type Vinyl,Brick

Schools

Elementary Schools Horizon

Middle Schools Prairie View

High Schools Sun Prairie West

School District Sun Prairie

Nearby School & Business

Marty Griepentrog

Auctioneer | Land Pro

+1(608) 617-9924

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