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.
Interior Features
- Above Grade Finished Area: 8,500 SqFt
- Appliances Included: Dryer, Oven, Range, Refrigerator, Washer
- Building Area Total: 8,500 SqFt
- Cooling: Wall Unit(s), Wall/Window Unit(s)
- Electric: Circuit Breakers
- Foundation: Poured, Slab
- Heating: Baseboard
- Living Area: 8,500 SqFt
Exterior Features
- Construction: Vinyl Siding
- Lot Size: 1.43 Acres
- Parking: Asphalt, Driveway
- Sewer: Public Sewer
- Water Source: Public
Property Details
- 2024 Taxes: $14,342
- County: Barron
- Number of Units: 11
- Other Structures: Other, See Remarks
- Possession: Close of Escrow, Subject To Tenant Rights
- Property Subtype: Apartment
- School District: Rice Lake Area
- Status: Active w/ Offer
- Township: City of Rice Lake
- Unit Number: 1-11
- Year Built: 1996
- Listing Office: Eau Claire Realty, LLC
- Last Update: September 8th @ 3:57 PM
Units
Unit #1 | $835
Bedrooms: 2 | Bathrooms: 1
675 SqFt | Rented Until July 2026
Garage: 1 Car, Detached
Oven/Range, Refrigerator
Unit #2 | $1,005
Bedrooms: 2 | Bathrooms: 1
675 SqFt | Rented Until May 2026
Garage: 1 Car, Detached
Oven/Range, Refrigerator
Unit #3 | $905
Bedrooms: 1 | Bathrooms: 1
600 SqFt | Rented Until June 2026
Garage: 1 Car, Detached
Oven/Range, Refrigerator
Unit #4 | $860
Bedrooms: 1 | Bathrooms: 1
600 SqFt | Rented Until September 2026
Garage: 1 Car, Detached
Oven/Range, Refrigerator
Unit #5 | $1,060
Bedrooms: 2 | Bathrooms: 1
675 SqFt | Rented Until August 2026
Garage: 1 Car, Detached
$55 Pet Fee included in rent, Oven/Range, Refrigerator
Unit #6 | $860
Bedrooms: 1 | Bathrooms: 1
600 SqFt | Rented Until October 2025
Garage: 1 Car, Detached
Oven/Range, Refrigerator
Unit #7 | $905
Bedrooms: 1 | Bathrooms: 1
600 SqFt | Rented Until June 2026
Garage: 1 Car, Detached
Oven/Range, Refrigerator
Unit #8 | $1,005
Bedrooms: 2 | Bathrooms: 1
675 SqFt | Rented Until April 2026
Garage: 1 Car, Detached
Oven/Range, Refrigerator
Unit #9 | $860
Bedrooms: 1 | Bathrooms: 1
600 SqFt | Rented Until September 2026
Garage: 1 Car, Detached
Oven/Range, Refrigerator
Unit #10 | $935
Bedrooms: 2 | Bathrooms: 1
675 SqFt | Rented Until October 2026
Garage: 1 Car, Detached
Oven/Range, Refrigerator
Unit #11 | $935
Bedrooms: 2 | Bathrooms: 1
675 SqFt | Rented Until October 2026
Garage: 1 Car, Detached
Oven/Range, Refrigerator
