165 S CHET KRAUSE DR #185, Iola, WI 54945
165 S CHET KRAUSE DR #185, Iola, WI 54945
165 S CHET KRAUSE DR #185, Iola, WI 54945
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Listed by TEAM KITOWSKI • KPR BROKERS, LLC
$995,000
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165 S CHET KRAUSE DR #185 Iola, WI 54945

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O'Connor Realty Group

O'Connor Realty Group

+1(715) 250-0738

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Municipality IOLA

MLS Listing ID 22600132

Year Built 1965

Annual Tax Amount $13,064

Tax Year 2025

Property Description

Investment Opportunity! Discover this unique 12-unit apartment complex located in the Village of Iola! Spanning an entire block, this property consists of two combined buildings with over 39,000 square feet and offers ample space with potential to add additional units or repurpose the other square footage. The complex features off-street parking for tenants, on-site laundry, and inviting common gathering areas, perfect for socializing, card nights, or game day Sundays. Unit layouts include a mix of 2-bedroom/1-bath and 1-bedroom/1-bath apartments. The property boasts a strong rental history, and all units are currently occupied. The other building has potential to be repurposed or could be other potential uses. It was formerly used as a medical facility. The construction materials would be difficult to duplicate for the price this one is being offered at. Lower level features additional storage areas and utility rooms. There is a ton of potential with all the square footage this property has to offer, plus the cash flow from the 12 units that is currently in place makes this a

Location

State WI

County Waupaca

Zoning Multi-Family

Direction on Chet Krause Drive

Interior

Interior Features Ceiling Fan(s), Smoke Detector(s), Cable/Satellite Available, Walk-in closet(s)

Equipment Refrigerator, Range/Oven

Appliance Refrigerator, Range/Oven

Exterior

Exterior Feature Deck, Patio

Parking Features None

Roof Type Shingle,Flat,Other

Building

Building Age 21+ Years

Dwelling Type Complex,1 Story

Sewer Municipal Water, Municipal Sewer

Structure Type Brick/Stone,Vinyl,Other

New Construction N

Schools

Elementary Schools Iola-Scandinavi

Middle Schools Iola-Scandinavi

High Schools Iola-Scandinavi

School District Iola-Scandinavi

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O'Connor Realty Group

O'Connor Realty Group

Business | License ID: 31657-91

+1(715) 250-0738

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165 S CHET KRAUSE DR #185

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