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Listed by CALA NEU • NORTHWOODS REALTY
$1,399,000
Est. payment /mo
16,000 SqFt
Active
1160 3RD AVENUE SOUTH Park Falls, WI 54552
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5001 or more
Square Footage 16,000 sqft
Price per Sqft $87
Municipality PARK FALLS
MLS Listing ID 22502416
Year Built 1980
Building Age 21+ Years
Annual Tax Amount $20,159
Tax Year 2024
Lot Size 1.370 Acres
Acres 1.37
Property Description
This exceptional investment opportunity awaits with this well-maintained 23-unit apartment complex, featuring two residential buildings and two 12-stall garages on 1.37 acres. The unit mix includes sixteen (16) two-bedroom 1-bath units, six (6) one-bedroom 1-bath units, and one (1) spacious four-bedroom unit?offering variety and flexibility for tenants. Each unit enjoys back patio areas, while the garages provide parking or storage. Tenants contribute to utility costs, helping reduce operational expenses for the owner. Ideally located within walking distance of local shops and essential services?and just minutes from downtown?this property delivers both small-town charm and consistent rental income. Whether you're expanding your portfolio or entering the multifamily market, this income-producing asset in a growing community is one you won't want to miss. Call today for more information!!
Location
State WI
County Price
Direction Hwy 13,E onto 10th,N to 3
Interior
Heating Electric, Wood
Cooling Baseboard
Exterior
Roof Type Shingle
Building
Sewer Municipal Water, Municipal Sewer
Structure Type Vinyl,Wood
New Construction N
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