531 Milwaukee Avenue East
Short Term Rental w/ 8.88% CAP Rate
Marketing description
Enjoy riverfront living with direct access to the Rock River and just minutes to Lake Koshkonong in this Sears Catalog Craftsman home. Currently operating as a successful short-term rental with an 8.88% CAP rate, this property offers a rare opportunity as a turnkey vacation home, income-producing investment, or private waterfront retreat. Located on a quiet no-wake section of the river and close to Fort Atkinson amenities, the home features 4 bedrooms and 2.5 baths with multiple indoor and outdoor spaces designed for entertaining. A 2.5-car garage provides ample space for extra amenities, vehicles, storage, waterfront toys and more! Enjoy peaceful water views, fishing from the private pier, kayaking, paddleboarding, boating, and evenings around the fire pit. Above the garage, the Eagle’s Nest Lodge adds approximately 625 sq ft of bonus space featuring a bar area, jukebox, TV, games, and balcony overlooking the river—perfect for gathering and making memories.
Investment highlights
• TURNKEY SHORT-TERM RENTAL WITH 8.88% CAP RATE
Established waterfront STR with documented operating history and approximately $50,515 Net Operating Income based on 2025 performance. Offered fully furnished, stocked, and operational for immediate revenue generation.
• STRONG HISTORICAL PERFORMANCE
4-year average gross revenue of approximately $70,079 with consistent booking activity and demonstrated pricing power across seasonal demand periods.
• FULLY FURNISHED – APPROX. $45,500 FF&E INCLUDED
Sale includes an extensive turnkey furnishing and amenity package including furniture, décor, kitchen inventory, entertainment equipment, outdoor furnishings, bikes, kayaks, paddleboards, game room items, and guest-ready supplies—reducing startup costs and downtime.
• PREMIER WATERFRONT LOCATION
Direct access to the Rock River with quick access to Lake Koshkonong. Positioned on a quiet no-wake section offering a private guest experience while remaining convenient to Fort Atkinson amenities.
• UNIQUE DESTINATION EXPERIENCE
Guests enjoy boating, fishing from the private pier, kayaking, paddleboarding, fire pit gatherings, outdoor entertaining areas, and scenic river views—supporting premium nightly rates and repeat visitation.
• MULTIPLE ENTERTAINMENT SPACES
4-bedroom, 2.5-bath Sears Catalog Craftsman home designed for group stays with spacious indoor and outdoor gathering areas.
• BONUS INCOME-DRIVING AMENITY SPACE
The Eagle’s Nest Lodge above the 2.5-car garage adds approximately 625 SF of bonus entertainment space featuring a bar, jukebox, TV, games, and elevated river views—creating a differentiated guest experience.
• HIGHLY RATED HOSPITALITY ASSET
Five years of consistent five-star guest experiences across major booking platforms with 153+ total reviews and an average 5.0-star rating.
• FLEXIBLE INVESTMENT PROFILE
Ideal for investors seeking immediate cash flow, a personal waterfront retreat with offset carrying costs, or a hybrid vacation home and income-producing asset.
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