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Additional details
Listed by Alison Kempen • CB Northern Escape/Ladysmith
$389,000
Est. payment /mo
6,015 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Contingent
Purchase Type For Sale
Square Footage 6,015 sqft
Price per Sqft $64
Municipality RADISSON
MLS Listing ID 1581897
Annual Tax Amount $1,206
Tax Year 2023
Lot Size 0.770 Acres
Acres 0.77
Property Description
Imagine owning a property with a robust 13% cap rate and a gross income multiplier of 6. Consisting of 7 occupied rental units and a re-tooled public laundromat. With some rents unchanged for years, there exists a substantial opportunity to enhance earnings through thoughtful updates and strategic management. The convenience of location cannot be overstated, with residents and customers enjoying easy access to the bank, dollar store, post office, and gas station, all within walking distance. Moreover, its proximity to Hayward and Ladysmith?just 20 minutes away?places this property in an enviable position, catering to both the local community and visitors to the area.
Location
State WI
County Sawyer
Zoning Unzoned
Rooms
Basement None / Slab, Poured Concrete
Interior
Interior Features Other, Circuit Breakers
Heating Electric, Lp Gas
Cooling None, Other, Baseboard, Wall Furnace
Inclusions Included:Dryer, Included:Other-See Remarks, Included:Oven/Range, Included:Refrigerator, Included:Washer
Equipment Dryer, Range/Oven, Refrigerator, Washer
Exterior
Exterior Feature Concrete, Other, Wood
Building
Dwelling Type MultiPlex
Sewer Municipal Sewer, Municipal Water
New Construction N
Schools
School District Winter
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