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Property profile & analytics
OFF-MARKET
Land

506 Betzer Rd Delavan, WI 53115

3.49 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 3.49-acre parcel in Delavan, Wisconsin, presents a remarkable multi-family development opportunity. Located at 506 Betzer Rd, Walworth County, zip code 53115, this RM-12 zoned land is primed for immediate construction. The property boasts approved plans for a 24-unit condominium complex, comprising three buildings, with individual tax parcels for each unit. One foundation is already in place, significantly reducing upfront development costs and accelerating the project timeline. This shovel-ready project offers a streamlined path to realizing a substantial return on investment within the thriving Delavan community. The existing plans provide a solid foundation for immediate development, minimizing the need for extensive pre-construction planning and approvals. The property's location in Delavan offers access to local amenities and a growing population base, ensuring strong rental demand. The asking price for this exceptional opportunity is $330,000. Detailed plans and further due diligence materials are available upon request. This is a rare chance to acquire a fully permitted and partially developed site, ready for immediate construction in a desirable Wisconsin location.

Property profile
Verified
Property type Land
Lot 3.49 ac (152,024 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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