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Roxanne Platz
Email: [email protected]
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3394 Faust Lake Rd S, Rhinelander, WI 54501
Property Type: CommercialSale
Business Use:
Business SubType:
MLS#: 190597
Status: Sold
Sale Price: $268,000
Sale Date: 07/02/2021
List Price: $258,000
Business Name: Northern Lakes Property Management
County: Oneida
Township: ON Pelican
Lake Name:
Lake Chain:
River Name:
Lake Size - Acres: 0
Property Information:
Bedrooms: 0
Bathrooms: 0 / 0
Lot Size (sqft): 21,780
Lot Size (acres): 0.5
Site Influences: Level, OpenSpace, RuralLot
Site Description:
Road Frontage: TownRoad
Road Responsibility:
Road Surface:
Water Frontage - Feet: 0
Water Frontage Type:
Lot Depth Side 1: 0
Lot Depth Side 2: 0
Roofing: Composition, Shingle
Construction: Frame, VinylSiding
Water Source:
Utilities: ElectricityAvailable, NaturalGasAvailable
Parking Features: Driveway
Flooring: Concrete
Financial Information:
Taxes: $1,751
Tax Year: 2019
Title: Fee Simple
Section: 9
Township: 36
Range: 9
Title: Fee Simple
Gross Income: $35,000
Total Expenses: $0
Lease Terms:
Tenant Expenses:
Expense Year: 0
Business Docs: Aerial, Disclosures, LeadBasedPaintDisclosure, Permits, RealEstateConditionReport
Possession: Closing
Listed By: Key Insight, Llc
Total SqFt: 0
# of Units: 0 # of Floors: 1
Public Remarks: This investment property has great potential and is conveniently located just outside Rhinelander east city limits. There are 3, 26x80 storage buildings with 23, 10x26 units total. There is good rental history and rates have not changed since it was built in 2006! The storage buildings are vinyl sided with 35-year composition shingles about 4 years ago. Included is an older cement block 4-plex with 3, 1-bedroom efficiency apartments($390/mo) and 1, 2-bedroom efficiency apartment($440/mo). The storage units rent for $60/mo. One renter pays $550 per year. A conventional septic system was installed in 2017. The 4-plex has a shared point well, is separately metered and wall furnaces. Call now to set up a showing for this amazing investment property!
Consumer Alert: Buyer to verify listing info. Use Covid guidelines during showing. Storage unit 18 can be viewed. The 4-plex apartments 1 and 4 can be viewed.
Directions: Take County P east of Rhinelander to right on S. Faust Lake Rd. Property is the first left.
The information shown on this sheet is believed to be accurate and reliable but is not guaranteed and is subject to corrections Sat, Oct 16, '21