Live/Work Duplex with Retail or Office / Development Site

803-805 N Main, Verona, WI

$625,000

Price

4.15%

Cap Rate

$20,520

NOI

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Street
Map
Overview
Cap Rate
4.15%
NOI
$20,520
Building Size
4,640 sqft
Lot Area
0.338 acres
Class
B
Units
2
Year Built
1967
Floors
1
Description

Recent changes in Verona zoning rules open up this leased investment property to other possibilities. Buy as a leased investment and then redevelop the site when you're ready. This duplex on a corner lot is zoned Neighborhood Office and is perfect for redevelopment. Duplex includes one 3-bedroom and one 2 bedroom apartments, with basement space and lower level 2 car garage. Each unit has washer/dryer and appliances. Tenants' pay water/sewer, gas and heat. Adjoining 3.4 acre site at 841 N Main has just been redeveloped with 100 unit Oakmont Senior Housing.

Corner of Llanos St. on N Main St (County M)
Across from Badger Middle School and near Verona High School.

Corner lot, mostly flat, situated across from Badger Middle School

Abbreviated legal description:
LOT 1 CSM 10212 CS60/10&11-10/17/2001 F/K/A LOTS 1 & 2 CSM 4168 CS17/260&261-8/1 2/83 DESCR AS SEC 15-6-8 PRT NW1/4NE1/4 (0.458 ACRES INCL R/W) TOG W/DRIVEWAY AG RMT IN DOC #3880346

Highlights
  • Investment or redevelop this corner
  • Current use residential duplex
  • 100 units Oakmont Senior Housing approved next door
  • Zoned Neighborhood Office
  • Across from Badger Middle School
Documents
Location
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