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Listed by The Bergeman Team • Eau Claire Realty LLC
$ 1,095,000
Est. payment /mo
New
1635 Kern Avenue #1-11 Rice Lake, WI 54868
8,500 SqFt
UPDATED:
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
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