1635 Kern Ave - Apartments FOR SALE


Rice Lake, WI 54868
$1,095,000 USD
715-552-1818
1635 Kern Ave, Rice Lake, WI for Sale
$1,095,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

1635 Kern Ave
Rice Lake, WI 54868


HIGHLIGHTS

  • Community gathering space
  • Located close to schools, dining, and shopping
  • Detached garage per unit

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,095,000 USD

PRICE/SF

$110 USD /SF

# OF UNITS

11

PRICE/UNIT

$99,545

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

PARKING SPACES

11

LAND DETAILS

LAND ACRES

1.43 AC

LAND SF

62,160 SF

ZONING

-

APN/PARCEL ID

276-5005-68-003

ASK ABOUT THIS PROPERTY

James FedieEau Claire RealtyMore Info
715-552-1818

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James FedieEau Claire RealtyMore Info
715-552-1818

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.