N3157 Kale Road
LAKE GENEVA, WISCONSIN
The Only Two-Family Home Opportunity in Burlington, WI
Offered at $390,000, this his two-family home has 3 levels, is 1,232 Sq Ft per unit and offers 3-bedrooms and 1.5 baths. Unit 1 is completely updated featuring all new vinyl flooring, new doors, updated kitchen and bathrooms, a large new patio with fire pit and a newly finished lower level with a kitchenette that can easily serve as a 3rd living area. Unit 2 has investment potential; tenant occupied leased on February 1, 2024, at $1,250/month until March 1, 2025.
Located directly across the Karcher Middle School soccer field, 1 mile from downtown Burlington, 1.5 miles from Burlington High School, and 1.5 miles from Echo Lake this is a great location for biking your away around the area. 39 minutes (31 miles) from Milwaukee Mitchell International Airport.
Located in privacy but minutes away from downtown makes it a great property as a Short Term Rental. Only 18 minutes away from Lake Geneva, brings many tourists and visitors to the area with some needing a place to stay for a while.
Zen Airbnb is priced competitively at $200/night with a 2 night booking minimum. A 2 night booking with a $80 cleaning fee and a $14.40 (3%) Airbnb service charge, yields you a $465.60 deposit. Listings in Burlington, Wisconsin range between $151-$353/night with the average being $252/night.
Grow This Cash Flow
The main and upper levels of Unit 1 are currently listed on Airbnb averaging $2,617/month between May 1-Nov 1 (6 Months). Rights to the Airbnb and Unit 1 furniture are included with the property.
Monthly expenses include:
• $145/month We Energies bill
• $86.99/month Spectrum bill
• $205/month Lawn Care bill
Extra expenses to be aware of include:
• Hand & dish soap, toilet paper, laundry detergent, paper towels, toilet bowl cleaner, garbage bags, stainless steel, glass, and carpet cleaners, and sponges.
Unit 2 Remodel Estimate
More Information
Defects
A home inspection was done on the property recently and all defects are known.
Appraisal
A cash-out refinance appraisal valued the home at $420,000 in July.
Estimate
Reach out for a complete estimate for a remodel or certain projects.
This is a great opportunity to start investing in real estate and building wealth. Feel free to contact me for any more information about the property.
GLOBAL REAL ESTATE ADVISOR
I am a local real estate agent residing and working out of Lake Geneva, WI. Growing up in Walworth and working in residential construction on and around Geneva Lake I developed a diverse skill set that allowed me to help guide people through the real estate market in Walworth County. I am a strong advocate for homeownership. I will work hard to help you maneuver the current real estate market so that you can own property, build wealth, and gain freedom; so I can help you achieve The American Dream.
