1550 James Dr Sparta, WI 54656
Estimated payment $17,741/month
About This Home
4 buildings, 20 - 2 bed, 1 bath units, 13 garages. Well located, great rental history, extremely low vacancy rate, low maintenance costs, tenant paid utilities, and all pet free. These building have been well maintained and updated over the last 20 years. Building D was built in 2020 and is ADA compliant. At that time, concrete for sidewalks was added and the parking lot expanded with new blacktop. Building B and C, windows, decks, doors and entrances have been redone within the last 10 years. All units have washer/dryer hook ups expect the second floor of Building A, however, there is room for a 2 sets of coin operated units on the second floor. All tenants are month to month. A great investment, fully occupied and the ability to raise rents to market rates.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $35,733
Lot Details
- 1.36 Acre Lot
Home Design
- Vinyl Siding
Interior Spaces
- 18,720 Sq Ft Home
- Basement
- Crawl Space
Community Details
- Operating Expense $200
- Net Operating Income $19,205
Listing and Financial Details
- Exclusions: Seller and tenant personal property
- The owner pays for electric/public
- Assessor Parcel Number 281019122000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $35,733 | $2,276,200 | $138,600 | $2,137,600 |
| 2023 | $31,628 | $1,979,400 | $138,600 | $1,840,800 |
| 2022 | $27,496 | $1,554,600 | $138,600 | $1,416,000 |
| 2021 | $26,379 | $1,369,900 | $138,600 | $1,231,300 |
| 2020 | $17,528 | $889,900 | $138,600 | $751,300 |
| 2019 | $16,530 | $654,100 | $80,100 | $574,000 |
| 2018 | $16,232 | $654,100 | $80,100 | $574,000 |
| 2017 | $15,732 | $654,100 | $80,100 | $574,000 |
| 2016 | $15,469 | $649,800 | $75,800 | $574,000 |
| 2015 | $16,726 | $649,800 | $75,800 | $574,000 |
| 2014 | $15,526 | $649,800 | $75,800 | $574,000 |
| 2011 | $15,468 | $649,800 | $75,800 | $574,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/24/2025 04/24/25 | For Sale | $2,650,000 | 0.0% | $142 / Sq Ft |
| 04/24/2025 04/24/25 | For Sale | $2,650,000 | -- | $142 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $655,000 | -- | |
| Warranty Deed | $640,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $895,000 | Commercial | |
| Closed | $325,000 | Commercial | |
| Closed | $159,285 | Commercial | |
| Closed | $17,588 | Commercial | |
| Closed | $81,508 | No Value Available | |
| Closed | $81,508 | No Value Available |
Source: Metro MLS
MLS Number: 1914955
APN: 281-01912-2000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
IDX listing data provided by Multiple Listing Service, Inc. Information is supplied by seller and other third parties and has not been verified.
Copyright 2025 – Multiple Listing Service, Inc. – All Rights Reserved.
- 0 Alpine Dr
- 723 Randy Rd
- 1107 Jefferson Ave
- 1900 River Rd
- 2060 Linda Ln
- 1504 Highland Meadows Dr
- 612 W Oak St
- 1104 Boldon Ave
- 2388 Hanson Place S
- 2344 Hanson Place S
- 1123 Jefferson Ave
- 406 Jefferson Ave
- 15407 Harbor Rd
- 511 Lincoln St
- 719 S Water St
- 216 N Court St
- 220 N Court St
- 105 W Oak St
- 100 Avon Rd Unit Road, Unit 122
- 100 Avon Rd Unit 102