Condo Unit in
2740 Northview Road Unit 109 Waukesha, WI 53188
2740 Northview Road Unit 109, Waukesha, WI, 53188
$274,900
For Sale
$274,900
Leased condo unit with underground parking available for sale.
Property Size2,037 SF
Price / SF$134.95
Days on Market128
Property Features for 2740 Northview Road Unit 109
General Information
- Standard status
- Active
- Size
- 2,037 SF
- Property subtype
- Condominium / Condominium
Building Details
- Year Built
- 1998
Listing Agency
Holiday Properties, LLC
(262) 227-7181
Listed by
Mark W Holiday · License #50588-90
(262) 227-7181
Source
Compass
Added: Mar 13 Checked: Jul 10 at 12:21 pm
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 Holiday Properties, LLC
Investment Insights
Based on property information with market context.
This is one of two condominium units at The Homestead condominium available for sale, either together or separately. The seller may consider financing with a Land Contract. The unit is currently leased and occupied. One underground parking spot is available for the condo, with the possibility of more. Surface parking spots are also available for residents and visitors. The property size is 2037 square feet. Another multi-family listing, featuring 8 units for sale at The Homestead, is also available.
Key Highlights
- Seller financing available via Land Contract.
- Leased and occupied units provide immediate rental income.
- Underground parking included (one spot per condo, possibly more).
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 | $41.1k | $20.16 |
| − Vacancy | −$1.7k | −$0.85 |
| EGI | $39.3k | $19.31 |
| − OpEx | −$17.7k | −$8.69 |
| NOI | $21.6k | $10.62 |
2,037 SF · lease $20.16/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$309.1K
$270.5K – $360.6K
NOI $21,638 @ 7.0% cap · market cap 7.87%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$1.04M
$909.7K – $1.21M
NOI $72,774 @ 7.0% cap · market cap 26.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Leased condo unit with underground parking available for sale.
Where is this multifamily property located?
The property is located at 2740 Northview Road Unit 109 Waukesha, WI.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: Seller financing available via Land Contract.; Leased and occupied units provide immediate rental income.; Underground parking included (one spot per condo, possibly more).
