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172 Westhill Rd, Rhinelander, WI 54501
Property Type: CommercialSale
Business Use:
Business SubType: MultiFamily
MLS#: 182294
Status: Sold
Sale Price: $790,000
Sale Date: 03/30/2021
List Price: $1,000,000
Business Name:
County: Oneida
Township: ON Rhinelander City
Lake Name:
Lake Chain:
River Name:
Lake Size - Acres: 0
 
Property Information:
Bedrooms: 0
Bathrooms: 0 / 0
Lot Size (sqft): 44,910
Lot Size (acres): 1.03
Site Influences:
Site Description:
Road Frontage:
Road Responsibility:
Road Surface:
Shoreline:
Water Frontage - Feet: 0
Water Frontage Type:
Lot Depth Side 1: 0
Lot Depth Side 2: 0
Roofing:
Construction:
Green:
Heating:
Cooling:
Water Source: Public
Sewer: PublicSewer
Utilities: CableAvailable
Electric: CircuitBreakers
Parking Features: Garage
Flooring:
 
Financial Information:
Taxes: $16,105
Tax Year: 2018
Title: Fee Simple
Legal Desc.: WESTHILL ESTATES LOT 1 BNG PT SW NE INCL 1503 BALSAM ST EACH ADDRESS CONTAINS 4 UNITS
Section: 01
Township: 36
Range: 08
Zoning:
Title: Fee Simple
Gross Income: $0
Total Expenses: $0
Lease Terms:
Tenant Expenses: AllUtilities
Expense Year: 0
Business Docs: RealEstateConditionReport
Possession: SubjectToTenantRights
 
Listed By: Coldwell Banker Mulleady-Rhldr
Total SqFt: 0
# of Units: 0 # of Floors: 0
Public Remarks: Opportunity for qualified investors to acquire a Rhinelander, WI multifamily investment property. This property consists of two 4-plex units and one 6-plex unit. The asset is conveniently located just off West Davenport St and a few blocks east of highway 47. The apartments are relatively maintenance free with vinyl siding and seamless rain gutters, and energy efficient windows and doors. The tenants pay all utilities, including water/sewer, which is maintained by Rhinelander Utilities. Each unit has a garage with individual service door. The vacancy rate for all of the apartments was less than 1% for the last 5 years. With self-management and self-maintenance, this is an excellent investment opportunity with a steady monthly income.
Consumer Alert:
Directions: Rhinelander west side
 
The information shown on this sheet is believed to be accurate and reliable but is not guaranteed and is subject to corrections Tue, Jun 22, '21