225 N LAKE AVENUE, PHILLIPS WI 54555 Photo 1 225 N LAKE AVENUE, PHILLIPS WI 54555 Photo 2 225 N LAKE AVENUE, PHILLIPS WI 54555 Photo 3 225 N LAKE AVENUE, PHILLIPS WI 54555 Photo 4 225 N LAKE AVENUE, PHILLIPS WI 54555 Photo 5 225 N LAKE AVENUE, PHILLIPS WI 54555 Photo 6 225 N LAKE AVENUE, PHILLIPS WI 54555 Photo 7 225 N LAKE AVENUE, PHILLIPS WI 54555 Photo 8 225 N LAKE AVENUE, PHILLIPS WI 54555 Photo 9 225 N LAKE AVENUE, PHILLIPS WI 54555 Photo 10 225 N LAKE AVENUE, PHILLIPS WI 54555 Photo 11 225 N LAKE AVENUE, PHILLIPS WI 54555 Photo 12 225 N LAKE AVENUE, PHILLIPS WI 54555 Photo 13 225 N LAKE AVENUE, PHILLIPS WI 54555 Photo 14
Listing Courtesy of Re/Max New Horizons Realty

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225 N LAKE AVENUE - Looking for an affordable investment property? This well kept 5-unit apartment building has a great rental history. There is store front commercial rental space, 3 1-bedroom apartments and 1 efficiency apartment. The building has been well maintained and each apartment includes a stove, refrigerator, living room, kitchen/dining, bath and 1 bedroom. There is a garage accommodation for additional rental income either for the renters or non renters. There is additional income from a 4 place billboard sign on the north side of the building. Each tenant pays electric, units 4 & 5 pay their own heat and the owner covers the cost of heat for units 1, 2, and 3, water/sewer, and a dumpster for all residential units use. The property has direct access to the snowmobile trail and the ATV trail and some apartments also have a lake view. Located in the heart of Phillips WI on North Lake Ave. Invest Today!

Listing information

  • MLS® ID: 1502096
  • Stories: 0
  • Foreclosure: No
  • Lot Size: 0-10000,30X100
  • Style: Commercial
  • Parking Type Description: None 0 cars
  • Total Square Footage: 3,000 ($54.97 per sq. foot)
  • Estimated Annual Taxes: $3,238
  • Status: Active
  • New Construction: No
  • Lot Area: 0.06
  • County: Price

Features

Acreage < 1/2
Acreage Range 0.0 to .499
Commercial Features Display Window, High Traffic Location, High Visibility, Highway Access, Living Space
Estimated Age Range Not Available
Exterior Wood
Heat Fuel Electric, Natural Gas
Heating/Cooling Forced Air, Hot Water
Other Lot Size - 0-10000,30X100, Tax Year - 2014, Units in Building - 5, Zoning - Commercial,Residential,Multi-Family
Parking Parking Garage
Real Estate Included Y
Water Front N
Water Waste Municipal Sewer, Municipal Water
Listing Courtesy of Re/Max New Horizons Realty