Two-Unit Duplex with Separate
217 Leavens AVENUE Unit 219, Sheboygan Falls, WI 53085
For Sale
$249,900
Pending
Each residence has independent utility meters, exterior access, and dedicated garage and storage space.
Property Size1,764 SF
Days on Market18
Property Features for 217 Leavens AVENUE Unit 219
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Utilities to Site
Amenities
basement storage
rear common area
Building Details
Year Built
Construction
Listing Agency:
Pleasant View Realty, LLC
Listed By:
Matthew Kapellen · License #5470790
(920) 207-5450
Source:
Lakecountryflatfee
Added: Oct 21
Changed: Nov 6
Last Checked: Nov 7 at 9:12AM
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 Pleasant View Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 1920, this duplex contains two residences totaling 1,764 square feet. The main-level apartment measures 936 square feet and has two bedrooms, a bonus room, and a large living room. The 828-square-foot upper apartment has two bedrooms and will be vacant at closing.
Each unit has separate electric, gas, and water meters, two exterior entry points, and its own area of a two-car garage divided by a partition. Basement storage is provided, and each residence includes a refrigerator and stove. The property is located in Sheboygan Falls, Wisconsin.
Each unit has separate electric, gas, and water meters, two exterior entry points, and its own area of a two-car garage divided by a partition. Basement storage is provided, and each residence includes a refrigerator and stove. The property is located in Sheboygan Falls, Wisconsin.
Key Highlights
- Two residences total 1,764 square feet: 936 square feet on the main level and 828 square feet upstairs
- Upper apartment with two bedrooms will be vacant
- Separate electric service, gas meters, and water meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,858
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,160
$297.2K
Cap Rate 7%
$212,257
$212.3K
Cap Rate 9%
$165,089
$165.1K
Market Conditions
NOI Build-Up for 1,764 SF
Gross rent
$22.2K $12.60/SF
− Vacancy
−$1.0K −$0.57/SF
EGI
$21.2K $12.03/SF
− OpEx
−$6.4K −$3.61/SF
NOI
$14.9K $8.42/SF
Area
Sheboygan County, WI
Vacancy
4.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,160
Cap Rate 7%
$212,257
Cap Rate 9%
$165,089
Alternative Uses
Best Use
Multifamily LT 5
$212.3K
$185.7K – $247.6K
NOI $14,858 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$197.4K
$172.7K – $230.3K
NOI $13,819 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$384.4K
$336.4K – $448.5K
NOI $26,911 @ 7.0% cap · market cap 10.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
331
Businesses Nearby
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Business Placement
Demographics for 53085, WI
11,671
Population
5,308
Households
2.2
Avg Household Size
46
Median Age
27%
College-Educated
94%
High-School Grad
69.7 sq mi
ZIP Area
167
Density / Sq Mi
$72,037
Median Household Income
$48,395
Median Earnings
$859
Median Rent
$229,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has independent utility meters, exterior access, and dedicated garage and storage space.
Where is this duplex located?
The property is located at 217 Leavens AVENUE Unit 219 Sheboygan Falls, WI.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Two residences total 1,764 square feet: 936 square feet on the main level and 828 square feet upstairs; Upper apartment with two bedrooms will be vacant; Separate electric service, gas meters, and water meters for each unit
