Turnkey Remodeled
205 Ann Street Fox Lake, WI 53933
205 Ann Street, Fox Lake, WI, 53933
$384,900
For Sale
$384,900
Fully renovated duplex with separate HVAC and water heating for the upper 1BR/1BA and lower 2BR/1BA units.
Property Size1,820 SF
Price / SF$211.48
Days on Market334
Property Features for 205 Ann Street
General Information
- Standard status
- Active
- Size
- 1,820 SF
- Property subtype
- Multi Family / 2 story
Building Details
- Year Built
- 1978
Listing agency
RE/MAX Preferred
(608) 469-5452
Listed by
Mallary Schoenoff · License #85796-94
(608) 469-5452
Source
Compass
Added: Aug 22, 2025 Updated: Jul 21 at 7:22AM Checked: Jul 21 at 7:22AM
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 RE/MAX Preferred
Investment Insights
Based on property information with market context.
This beautifully remodeled duplex offers two separate living units with modern updates throughout. The upper unit features a 1 bedroom, 1 bathroom layout with an updated kitchen that includes butcher block countertops and stainless steel appliances, along with a private deck overlooking the backyard. The lower unit provides a 2 bedroom, 1 bathroom floor plan with updated finishes and a bright, comfortable interior.
Each unit is equipped with its own A/C, water heater, and furnace, providing convenient, independent utility control. The property is described as turnkey with recent renovations intended to support low-maintenance living.
Each unit is equipped with its own A/C, water heater, and furnace, providing convenient, independent utility control. The property is described as turnkey with recent renovations intended to support low-maintenance living.
Key Highlights
- Fully renovated duplex with 2 units: upper 1BR/1BA and lower 2BR/1BA
- Each unit has its own A/C, water heater, and furnace for separate comfort and utility control
- Upper unit includes updated kitchen with butcher block countertops and stainless steel appliances
Local Financial Insights For Multifamily LT 5
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 | $24.0k | $13.20 |
| − Vacancy | −$798 | −$0.44 |
| EGI | $23.2k | $12.76 |
| − OpEx | −$7.0k | −$3.83 |
| NOI | $16.3k | $8.93 |
1,820 SF · lease $13.20/SF/yr · vacancy 3.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$232.3K
$203.2K – $271.0K
NOI $16,258 @ 7.0% cap · market cap 4.22%
Second Best
Apartment 5plus
$215.3K
$188.4K – $251.2K
NOI $15,069 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$395.4K
$346.0K – $461.3K
NOI $27,676 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Fully renovated duplex with separate HVAC and water heating for the upper 1BR/1BA and lower 2BR/1BA units.
Where is this duplex located?
The property is located at 205 Ann Street Fox Lake, WI.
What is the asking price?
The asking price for this property is $384,900.
What are key features of this property?
This property features: Fully renovated duplex with 2 units: upper 1BR/1BA and lower 2BR/1BA; Each unit has its own A/C, water heater, and furnace for separate comfort and utility control; Upper unit includes updated kitchen with butcher block countertops and stainless steel appliances
