204 Grand Ave
Mukwonago, WI 53149
Multifamily Property For Sale · 6 Units

Project consists of two buildings with three individual condo units in each. Estimated completion date is August of 2023. Owner needs to move on with investment and will complete the project for the asking price. Retail listing value at present is just North of $2.8M. Sales are good in Mukwonago and competition for condos is high. Two other condo projects within the community with retail prices ranging from $479,900 and up. All units contain an in unit elevator with fire sprinkler systems installed, granite counters, white cabinets, oversized 2 car garages along with 1st level storage and entrance. Master bedroom suite has a private balcony along with walk in closets and full bath. Units are all similar with floor plan but vary in SF. Smallest unit is 1396 Sf and largest unit is 1756 SF.* This is an investment opportunity and property could be turned in a rather short time frame. Potential profit is $200K +. Property could be converted into apartments with Village approval and could yield upwards of $2600 monthly per unit. Could be rezoned after a 5 year period and sold off at market values. Location, luxury and one of a kind units make this an exciting opportunity for the right investor. Builder and owner are continuing the completion of the buildings.