LIVE- IN Investment Opportunity in the highly desirable Stone Ridge subdivision. Acquire a two unit duplex deluxe townhome. Live in one and keep the other rented. Rental income will cover 2/3rds of the mortgage payment on both units. Grow wealth as rental income supports, paying down the mortgage, demand continues to create appreciation and tax depreciation reduces taxable income. This building showcases 8 bedrooms and 6 baths total sitting on just under 1 acre of land. Each 4BR/3BA unit features vaulted ceilings, modern kitchens, gas fireplaces, spa baths, main-level laundry, and private decks/ patios. Finished walkout lower levels include large living area with wet bars, bedrooms and offices with full-size windows, and patios.
Property Features
Bedrooms
- Bedrooms: 8
- Bedroom 2 Dimensions: 11.0 x 14.0
- Bedroom 3 Dimensions: 12.0 x 14.0
- Bedroom 4 Dimensions: 11.0 x 14.0
- Bedroom 2 Level: Main
- Bedroom 3 Level: Lower
- Bedroom 4 Level: Lower
Other Rooms
- Total Rooms: 11
- Primary Bedroom: 14.00 x 17.00
- Primary Bedroom Level: Main
- Rec Room: 24.00 x 23.00
- Rec Room Level: Lower
- Laundry: 5.00 x 13.00
- Laundry Level: Main
- Bonus Room: 11.00 x 14.00
- Bonus Room Level: Lower
- Other Room: 5.00 x 13.00
- Other Room Level: Lower
- Basement Features: Full, Walk Out/Outer Door, Poured Concrete, Shower, Full Size Windows, 8+ Ceiling, Sump Pump, Finished
- Great Room Dimensions: 13.0 x 37.0
- Great Room Level: Main
- Basement Description: Full Basement, Walk Out/Outer Door Basement, Poured Concrete Basement, Shower in Basement, Basement Full Size Windows, 8+ Ceiling, Sump Pump, Finished
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 6
Interior Features
- Wet Bar
- Kitchen Island
- Split Bedrooms
- Vaulted Ceiling(s)
- High Speed Internet
- Flooring: Wood Floors, Simulated Wood Floors
Appliances
- Oven
- Range
- Refrigerator
- Dishwasher
- Microwave
- Washer
- Dryer
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Natural Gas, Forced Air
- Heating: Yes
Kitchen and Dining
- Dining Room Dimensions: 11.0 x 14.0
- Dining Room Level: Main
- Kitchen Dimensions: 11.0 x 14.0
- Kitchen Level: Main
Land Info
- Additional Parcels Description: ZSSRC 00480
- Lot Description: Sidewalk
- Lot Size Acres: 0.97
- Lot Size Source: Public Records
- Lot Size Square Feet: 42253
Garage and Parking
- Garage Spaces: 4
- Garage Description: Attached
- Parking Features: Electric Door Opener, Paved
School Information
- High School: Badger
- High School District: Lake Geneva J1
- Middle School: Lake Geneva
Other Property Info
- Annual Tax Amount: 15773.07999999
- Source Listing Status: Active
- County: Walworth
- Directions: From downtown Lake Geneva, follow Center St North, right onto S Stone Ridge Dr, Side by Side will be on your right
- Tax Year: 2024
- Source Property Type: Single-Family
- Exclusions: Tenant and Sellers personal belongings
- Inclusions: 1 in each unit: refrigerator; microwave; dishwasher; stove; washer; dryer. Unit 480 has 1 wine fridge; 1 bev fridge
- Property Subtype: townhouse
- Parcel Number: ZSSRC 00460
- Postal City: Lake Geneva
- Zoning: Condominium
- Zoning Description: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 5912
- Year Built: 2021
- Above Grade Finished Area: 3350
- BelowGradeFinishedArea: 2562
- Building Area Total: 5912
- Construction Materials: Stone, Vinyl, Low Maintenance Trim
- Levels: 1 Story, Exposed Basement
- Property Age: 4
- Total Area Sqft: 5912
- Year Built Source: Builder
- Architectural Style: Ranch
Accessibility Features
- Accessibility Features: Open Floor Plan, Full Bath on Main Level, Laundry on Main Level, Bedroom on Main Level
Utilities
- Sewer: Municipal Sewer
- Water Source: Municipal Water
