900 Sunnyview Ln Princeton, WI 54968-9262

This exceptional investment opportunity presents a substantial 28,998 square foot commercial building undergoing conversion into a multi-unit apartment complex. Situated on a generous 4.94-acre lot in Princeton, WI, at 900 Sunnyview Lane, this property offers significant potential. The east wing is nearing completion, boasting six two-bedroom units and one one-bedroom unit. Electrical and plumbing rough-ins are complete, a modern sprinkler system is installed, and walls are studded. Detailed blueprints, approved by the state, outline the planned renovations for the west wing, which previously served as storage rentals. These plans also encompass a dedicated manager's apartment. The building's substantial 4,247 square feet of common area is earmarked for a welcoming lobby, administrative offices, additional restrooms, ample storage space, and comfortable guest quarters. This property presents a unique chance to capitalize on the growing demand for rental housing in a desirable location. The existing progress significantly reduces the time and cost associated with a ground-up development. The combination of existing units and the potential for additional units makes this a compelling investment opportunity. The property is priced at $249,000.