2375 Maple Dr - Multi-Family FOR SALE


Sister Bay, WI 54234
$3,295,000 USD
920-471-5587
2375 Maple Dr, Sister Bay, WI for Sale
$3,295,000 USD
Multi-Family - FOR SALE
1/41
null | Request Cap Rate

2375 Maple Dr
Sister Bay, WI 54234


HIGHLIGHTS

  • Located in Downtown Sister Bay, Door County steps away from Restaurants, Shopping and the Beach
  • EXCELLENT Future Development Opportunity
  • Zoned B-2 Commercial for NUMEROUS Potential Future Opportunities
  • Rental Portfolio with IMMEDIATE Great Cash Flow
  • Completely Remodeled Turn-Key Rental Business
  • Fantastic Year-to-Year Rental AirBnB Growth

OVERVIEW

Located in downtown Sister Bay, Door County WI steps away from all very popular tourist town Sister Bay has to offer, this 2-parcel rental property portfolio of 2 AirBnB homes, an annual cottage rental and 4-unit seasonal motel offers immediate excellent cash flow with what could be Sister Bay's most prime piece of real estate for potential future redevelopment! The property is located downtown behind LURE restaurant steps away from shopping, restaurants and a block from the beach and water front. Fantastic water views from the upper floors! Currently the property is operated as Bluffside Rentals, offering 2 COMPLETELY REMODELED FROM TOP TO BOTTOM AirBnB FULLY FURNISHED AND STOCKED rental homes with excellent rental history, great future bookings and continued increases in annual rental days, 1 seasonal 4-unit motel that rents 6 months of the year to seasonal employment and a FULLY UPDATED FURNISHED cottage with an annual lease tenant. The property is just shy of 1 acre and zoned B-2 commercial offering NUMEROUS FUTURE POTENTIAL DEVELOPMENT OPPORTUNITIES in the most sought after quaint town in Door County. This PRIME PIECE OF PROPERTY offers immediate income with excellent future growth potential for the rentals as well as future development! Add this awesome opportunity to your investment portfolio today!

FOR SALE DETAILS

PRICE

$3,295,000 USD

PRICE/SF

$560 USD /SF

# OF UNITS

7

PRICE/UNIT

$470,714

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bluffside Rentals

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

B-2 Commercial

APN/PARCEL ID

181210404 & 181210405

ASK ABOUT THIS PROPERTY

Casey LadowskiRLT CommercialMore Info
920-471-5587

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Casey LadowskiRLT CommercialMore Info
920-471-5587

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