Renovated Residential Income
34328 116th Street Twin Lakes, WI 53181
34328 116th Street, Twin Lakes, WI, 53181
$999,950
For Sale
$999,950
Built in 1977 and comprehensively renovated, with recent system upgrades and multiple bedrooms and full baths.
Property Size4,800 SF
Price / SF$208.32
Days on Market11
Property Features for 34328 116th Street
General Information
- Standard status
- Active
- Size
- 4,800 SF
- Property subtype
- Two-Family / Two Family
Building Details
- Year Built
- 1977
Listing agency
Standard Real Estate Services, LLC
(414) 817-4250
Listed by
Christopher Michala · License #90398-94
(414) 817-4250
Source
Compass
Added: Jul 12 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 Standard Real Estate Services, LLC
Investment Insights
Based on property information with market context.
Built in 1977, this residential income property was used as a family compound for many years before falling into disrepair. After an auction in late 2015, it was purchased locally and fully restored in 2016 to a better-than-new condition. The renovation included new plumbing, electrical, HVAC systems, drywall, insulation, water treatment, roof, gutters, windows, doors, siding, flooring, and cabinetry, along with extensive interior work.
Additional major upgrades have been completed during the past five years, including a well pump, pressure tank, and a septic connection. The property totals about 4,800 square feet and is configured with seven large bedrooms and five full baths, with views from the front balconies and rear decks.
Additional major upgrades have been completed during the past five years, including a well pump, pressure tank, and a septic connection. The property totals about 4,800 square feet and is configured with seven large bedrooms and five full baths, with views from the front balconies and rear decks.
Key Highlights
- Built in 1977 and comprehensively renovated, with major system updates completed since 2016
- Approx. 4,800 SF home featuring 7 large bedrooms and 5 full baths
- New plumbing, electrical, HVAC systems, drywall, insulation, water treatment, roof, gutters, windows, doors, siding, flooring, and cabinetry
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 | $72.0k | $15.00 |
| − Vacancy | −$4.3k | −$0.90 |
| EGI | $67.7k | $14.10 |
| − OpEx | −$20.3k | −$4.23 |
| NOI | $47.4k | $9.87 |
4,800 SF · lease $15.00/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$676.8K
$592.2K – $789.6K
NOI $47,376 @ 7.0% cap · market cap 4.74%
Second Best
Apartment 5plus
$626.7K
$548.4K – $731.2K
NOI $43,869 @ 7.0% cap · market cap 4.39%
Theoretical Best
Warehouse
$5.59M
$4.89M – $6.52M
NOI $391,181 @ 7.0% cap · market cap 39.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Built in 1977 and comprehensively renovated, with recent system upgrades and multiple bedrooms and full baths.
Where is this duplex located?
The property is located at 34328 116th Street Twin Lakes, WI.
What is the asking price?
The asking price for this property is $999,950.
What are key features of this property?
This property features: Built in 1977 and comprehensively renovated, with major system updates completed since 2016; Approx. 4,800 SF home featuring 7 large bedrooms and 5 full baths; New plumbing, electrical, HVAC systems, drywall, insulation, water treatment, roof, gutters, windows, doors, siding, flooring, and cabinetry
