1635 Kern Avenue #1-11 new Save Request In-Person Tour Request Virtual Tour
Rice Lake,WI 54868
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,500 sqft
Price per Sqft $128
Municipality RICE LAKE
MLS Listing ID 1594737
Year Built 1996
Annual Tax Amount $14,342
Tax Year 2024
Lot Size 1.427 Acres
Acres 1.427
Property Description
Great investment opportunity with this 11-unit apartment complex featuring 6 two-bedroom units and 5 one-bedroom units, each including a 1-car detached garage. Tenants enjoy access to a community gathering space as they enter the building along with a common laundry area offering 2 coin-operated washers and 2 dryers, providing additional income. Conveniently located close to schools, dining, and shopping, this property is currently producing $10,095 per month, with strong rental history. Coin laundry brings in approximately $2,000 per year.
Location
State WI
County Barron
Rooms
Basement None / Slab,Poured Concrete
Interior
Interior Features Circuit Breakers
Heating Natural Gas
Cooling Wall/Sleeve Air,Baseboard,Hot Water,Wall A/C
Inclusions Included:Ac Wall Unit,Included:Dryer,Included:Oven/Range,Included:Refrigerator,Included:Washer
Equipment Dryer,Range/Oven,Refrigerator,Washer
Exterior
Exterior Feature Vinyl
Building
Dwelling Type Apartment Building
Sewer Municipal Sewer,Municipal Water
New Construction N
Schools
School District Rice Lake