Sold price:

$790,000

Sold on 03/30/2021

Listed by Coldwell Banker Mulleady-Rhldr

Description

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.

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Property Details

Features Commercial/Industrial

Lot Size SqFt: 44910 Water Frontage (feet): 0
Lot Size Acres: 1.03 Shoreline:
Lake Chain: Zoning:
Lake Name: Access Road:
River Name: High School:
Lake Size-Acres: 0

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Listing History

Date Event Change
Mar 30 2021 3:39PM Status Change Sold
Mar 22 2021 11:09AM Status Change Pending
Feb 16 2021 11:39AM Status Change Active w/Contract
Dec 6 2019 2:09PM Price Change $1,000,000

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