Lakefront Residential Income
216 Lakeview Circle Beaver Dam, WI 53916
216 Lakeview Circle, Beaver Dam, WI, 53916
$629,900
For Sale
$629,900
Units 214, 216, and 222 offer private lake access and boat slips on Beaver Dam Lake, with two-car garages and private entrances.
Property Size2,196 SF
Price / SF$286.84
Days on Market1290
Property Features for 216 Lakeview Circle
General Information
- Standard status
- Active
- Size
- 2,196 SF
- Property subtype
- Condo / Ranch-1 Story
Building Details
- Year Built
- 2024
Listing agency
T R McKenzie Inc.
(608) 469-2520
Listed by
Andy Crooks · License #58500-90
(608) 469-2520
Source
Compass
Added: Jan 10, 2023 Updated: Jul 22 at 9:47PM Checked: Jul 22 at 9:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of T R McKenzie Inc.
Investment Insights
Based on property information with market context.
This for-sale offering includes lakefront residential income units 214, 216, and 222 at Monarch Lakeview Flats. The units are newly built and finished, with immediate occupancy available. Each Lake Flat includes private lake access and a boat slip on Beaver Dam Lake, along with a two-car garage and a private entrance. An upgrade option is available for a screened-in porch to enjoy views of the sunsets.
The property is subject to shore land zoning. A 1-year builder home warranty is included.
Units 214, 216, and 222 are complete and ready for occupancy, providing a turnkey lakefront setup with dedicated access and on-site parking.
The property is subject to shore land zoning. A 1-year builder home warranty is included.
Units 214, 216, and 222 are complete and ready for occupancy, providing a turnkey lakefront setup with dedicated access and on-site parking.
Key Highlights
- Newly built lakefront units 214, 216, and 222 (year built 2024) at Monarch Lakeview flats
- Private lake access and a boat slip on Beaver Dam Lake for each Lake Flat
- Each unit includes a two‑car garage and a private entry
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.3k | $15.60 |
| − Vacancy | −$1.2k | −$0.55 |
| EGI | $33.1k | $15.05 |
| − OpEx | −$14.9k | −$6.77 |
| NOI | $18.2k | $8.28 |
2,196 SF · lease $15.60/SF/yr · vacancy 3.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$259.7K
$227.3K – $303.0K
NOI $18,182 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$477.0K
$417.4K – $556.6K
NOI $33,393 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Residential income property - Units 214, 216, and 222 offer private lake access and boat slips on Beaver Dam Lake, with two-car garages and private entrances.
Where is this residential income property located?
The property is located at 216 Lakeview Circle Beaver Dam, WI.
What is the asking price?
The asking price for this property is $629,900.
What are key features of this property?
This property features: Newly built lakefront units 214, 216, and 222 (year built 2024) at Monarch Lakeview flats; Private lake access and a boat slip on Beaver Dam Lake for each Lake Flat; Each unit includes a two‑car garage and a private entry
