Bought with Josh Downs
$1,025,000
$1,050,000
2.4%For more information regarding the value of a property, please contact us for a free consultation.
1635 Kern Avenue #1-11 Rice Lake, WI 54868
8,500 SqFt
Key Details
Sold Price $1,025,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,500 sqft
Price per Sqft $120
Municipality RICE LAKE
MLS Listing ID 1594737
Sold Date 10/31/25
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. NEW roof on all three buildings September 2025.
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
Equipment Dryer, Range/Oven, Refrigerator, Washer
Exterior
Exterior Feature Vinyl
Building
Sewer Municipal Sewer, Municipal Water
New Construction N
Schools
School District Rice Lake
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