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3394 FAUST LAKE RD S Rhinelander, WI 54501
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Key Details
Sold Price $268,000
Property Type Commercial
Sub Type Investment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 190597
Year Built 2006
Annual Tax Amount $1,751
Tax Year 2019
Lot Size 0.500 Acres
Property Sub-Type Investment
Property Description
This investment property has great potential and is conveniently located just outside Rhinelander east city limits. There are 3, 26x80 storage buildings with 23, 10x26 units total. There is good rental history and rates have not changed since it was built in 2006! The storage buildings are vinyl sided with 35-year composition shingles about 4 years ago. Included is an older cement block 4-plex with 3, 1-bedroom efficiency apartments($390/mo) and 1, 2-bedroom efficiency apartment($440/mo). The storage units rent for $60/mo. One renter pays $550 per year. A conventional septic system was installed in 2017. The 4-plex has a shared point well, is separately metered and wall furnaces. Call now to set up a showing for this amazing investment property!
Location
State WI
County Oneida
Interior
Flooring Concrete
Exterior
Parking Features Driveway
Utilities Available Electricity Available, Natural Gas Available
Roof Type Composition,Shingle
Building
Lot Description Level, Open Space, Rural Lot
Story 1
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Bought with LAKELAND REALTY