Four-Bedroom Residential Income
For Sale
$379,900
Pending
380 West Sunset Drive, Milton, WI 53563
Well-maintained condo with a finished lower level, private entry, patio, and no condo fees or association dues.
Property Size2,362 SF
Days on Market176
Property Features for 380 West Sunset Drive
General Information
Standard status
Pending
Size
2,362 SF
Property subtype
Condo / Ranch-1 Story
Zoning
R
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,863
Amenities
Flagpole, curtains, lower level mini fridge, LL microwave, some plants in yard
Refrigerator, dishwasher, microwave, water softener (owned), washer, dryer & blinds
Forced air, Central air
Walk-in closet(s), Vaulted ceiling, Washer, Dryer, Water softener included, Security system for Unit, Wet bar, Cable/Satellite Available, At Least 1 tub, Split bedrooms, Internet -Fiber Available, Smart doorbell
Vinyl
Gas
Private Entry, Patio
Building Details
Year Built
2006
Listing Agency:
Coldwell Banker The Realty Group
Listed By:
Lynnette Wirth · License #90088-94
(608) 290-9707
Source:
Compass
Added: Apr 30
Changed: Oct 20
Last Checked: Oct 21 at 12:02AM
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 Coldwell Banker The Realty Group
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Investment Insights
Based on property information with market context.
This 2,362-square-foot residential income property is a well-maintained condo built in 2006, offering four bedrooms and three full bathrooms across two levels. The main floor includes a primary suite with a walk-in closet, step-in shower, and soaking tub, along with two additional bedrooms, a full bathroom, and an open connection between the kitchen, dining area, and living room. An enclosed three-season room adds flexible interior space.
The lower level expands the layout with a family room, kitchenette, dining area, fourth bedroom, and full bathroom. A walkout leads to the patio, while the property also provides a private entry, forced-air heating, central air, owned water softener, washer, dryer, refrigerator, dishwasher, and microwave. The home has access to Highway 59 and Highway 26 and carries R zoning. No condo fees or association dues are reported.
The lower level expands the layout with a family room, kitchenette, dining area, fourth bedroom, and full bathroom. A walkout leads to the patio, while the property also provides a private entry, forced-air heating, central air, owned water softener, washer, dryer, refrigerator, dishwasher, and microwave. The home has access to Highway 59 and Highway 26 and carries R zoning. No condo fees or association dues are reported.
Key Highlights
- Four‑bedroom, three‑bathroom condo with 2,362 square feet
- Finished lower level with family room, kitchenette, dining area, bedroom, and full bathroom
- Primary suite includes a walk‑in closet, step‑in shower, and soaking tub
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,156
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,120
$383.1K
Cap Rate 7%
$273,657
$273.7K
Cap Rate 9%
$212,844
$212.8K
Market Conditions
NOI Build-Up for 2,362 SF
Gross rent
$36.3K $15.36/SF
− Vacancy
−$1.5K −$0.61/SF
EGI
$34.8K $14.75/SF
− OpEx
−$15.7K −$6.64/SF
NOI
$19.2K $8.11/SF
Area
Rock County, WI
Vacancy
4.00%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,120
Cap Rate 7%
$273,657
Cap Rate 9%
$212,844
Alternative Uses
Best Use
Apartment 5plus
$273.7K
$239.5K – $319.3K
NOI $19,156 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$567.6K
$496.7K – $662.2K
NOI $39,733 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Explore this area
Business Placement
Demographics for 53563, WI
11,503
Population
4,672
Households
2.5
Avg Household Size
42
Median Age
31%
College-Educated
96%
High-School Grad
67.0 sq mi
ZIP Area
172
Density / Sq Mi
$89,397
Median Household Income
$47,742
Median Earnings
$972
Median Rent
$270,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Well-maintained condo with a finished lower level, private entry, patio, and no condo fees or association dues.
Where is this residential income property located?
The property is located at 380 West Sunset Drive Milton, WI.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Four‑bedroom, three‑bathroom condo with 2,362 square feet; Finished lower level with family room, kitchenette, dining area, bedroom, and full bathroom; Primary suite includes a walk‑in closet, step‑in shower, and soaking tub
