Utility Substation For Sale • 600 SF
Unique investment opportunity to own your own water system. 49 accounts pay $123 every three months. Cap rate of over 12% based on current list price & 2024 estimated financials. Great cash flow without the hassle of tenants. Equipment in well house was upgraded in 2017-2018 with updated pressure tank, pump, electronic system, etc (over $56,000 in upgrades). System has the potential to add additional homes on with additional land being acquired and developed (would need a new well drilled, but pump house equipment is potentially set up for future additional homes. Buyer to verify if important). Brand new siding installed in 2023.
Water Utility Company |
Low Maintenance |
Great CAP Rate |
Airport | Drive | Walk | Distance |
---|---|---|---|
Dane County Regional/Truax Field | 46 min | - | 33.0 mi |