705 Lone Oak LnVerona, WI 53593

Property Details for 705 Lone Oak Ln

Year built

2007

Lot size

0.09 AC

Property size (Sq ft)

2,348 SF

Property type

Mixed-use properties

Description

This exceptional mixed-use property, located at 705 Lone Oak Ln, Verona, WI 53593, presents a compelling investment opportunity. The 2,348 square foot building, constructed in 2007 on a 0.09-acre lot, operates as a licensed four-bedroom Adult Family Home (AFH) in the desirable Dane County suburb of Verona. The property boasts excellent curb appeal, including a two-car garage, fenced yard, front porch, and back deck. The interior features four private bedrooms, with one including a private bathroom and another shared bathroom for residents. A finished basement offers additional space, potentially usable as an office or employee apartment, along with extra storage and a full bathroom. Currently operating at 75% occupancy, generating a Net Operating Income (NOI) of $156,471, this turnkey operation offers immediate revenue potential for a new owner. The property's strong performance and desirable location make it an attractive investment in the thriving Wisconsin market. The asking price is $850,000. This two-story building offers a unique blend of residential and commercial use, providing a solid foundation for continued success and growth. The property's strong financial performance and prime location make it an ideal investment for those seeking a stable and profitable venture in the adult living sector.

Location Insight

City

Verona

County

Dane

State

Wisconsin

Latitude

43.0441

Longitude

-89.542

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