Zero-Entry Condo with Attached
W11563 Island View Court Lodi, WI 53555
For Sale
$374,900
Zero-step entry condo with attached garage, bright open layout, gas fireplace, and a walkout lower level stubbed for finish.
Property Size1,500 SF
Price / SF$249.93
Days on Market28
Property Features for W11563 Island View Court
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Property subtype
- Condo / Ranch-1 Story
Building Details
- Year Built
- 2003
Listing Agency:
First Weber, Inc
(608) 219-6668
Listed By:
Bart Baker · License #69959-94
(608) 219-6668
Source:
Compass
Added: Jun 26
Changed: Jul 22
Last Checked: Jul 23 at 7:56AM
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 First Weber, Inc
Investment Insights
Based on property information with market context.
This zero-entry condo features an open, bright floor plan with hardwood floors, hickory cabinetry, and a spacious living area centered around a cozy gas fireplace. The primary suite includes a walk-in closet, a jetted soaking tub, and direct access to a private deck. An attached garage provides convenient entry, and the exposed walkout lower level is stubbed and ready to be finished for additional bedrooms, living space, or a recreation room.
Located in the Paradise Island community on Lake Wisconsin, the home offers easy access for year-round enjoyment, with nearby scenic walking paths and waterfront dining.
The layout supports everyday living and entertaining, with main-level convenience and flexible lower-level space designed for future customization.
Located in the Paradise Island community on Lake Wisconsin, the home offers easy access for year-round enjoyment, with nearby scenic walking paths and waterfront dining.
The layout supports everyday living and entertaining, with main-level convenience and flexible lower-level space designed for future customization.
Key Highlights
- Zero‑step entry condo with attached garage and private entry
- Bright open layout with wood/sim. wood floors and gas fireplace in the living area
- Primary suite includes walk‑in closet, jetted soaking tub, and direct access to a private deck
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 | $23.0k | $15.36 |
| − Vacancy | −$1.3k | −$0.84 |
| EGI | $21.8k | $14.52 |
| − OpEx | −$9.8k | −$6.53 |
| NOI | $12.0k | $7.98 |
1,500 SF · lease $15.36/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$171.1K
$149.7K – $199.6K
NOI $11,975 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$337.0K
$294.9K – $393.2K
NOI $23,589 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Residential income properties
FAQs
What type of property is this?
Residential income property - Zero-step entry condo with attached garage, bright open layout, gas fireplace, and a walkout lower level stubbed for finish.
Where is this residential income property located?
The property is located at W11563 Island View Court Lodi, WI.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: Zero‑step entry condo with attached garage and private entry; Bright open layout with wood/sim. wood floors and gas fireplace in the living area; Primary suite includes walk‑in closet, jetted soaking tub, and direct access to a private deck
