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