6843 Yellowwood Ln De Forest, WI 53532
For Sale
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This exceptional 1.5-acre parcel in DeForest, Wisconsin, presents a prime opportunity for multifamily development. Located at 6843 Yellowwood Ln, 53532, this property boasts pre-approval from the Village of DeForest for the construction of a 24-unit condominium complex. The approved plan allows for various configurations, including one 12-unit building (two attached six-unit structures) and two six-unit buildings, or four separate six-unit buildings, according to the seller. This development seamlessly integrates with an existing HOA, providing immediate access to established community amenities and infrastructure. Forty similar condo units have already been successfully completed within the HOA, demonstrating market demand and feasibility. Utilities, including water, sewer, and electricity, are conveniently located at the street. Detailed plat maps and approval documents are available for review. The seller is open to exploring potential partnerships and flexible terms for those interested in collaborating on the development and construction phases of this promising project. The property is zoned PUD (Planned Unit Development) and is listed at $329,900. This is a rare opportunity to capitalize on a pre-approved development plan in a thriving Wisconsin community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.