Sold: Iron River MLS# 6461034
Sold
$999,000 (list price)
$915,000
Commercial: Duplex Side by Side
Built 1900
2.26 acres
Maple schools
MLS# 6461034
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Property Description
Excellent investment opportunity. 4 Duplexes with room for 1 more to be built, all on City water and sewer and natural gas. These units are very popular and there is always a waiting list to get in, 100% occupancy. Current owner kept rent below the going rate, so there is definitely room for more income here. Units are all 2 bedroom, 1 bath and each has an attached 1 car garage. 6 of the units have in-slab heat with brand new boilers and 2 of the units have off-peak electric heat with propane fireplaces. The last 2 units are 2Feet wider in the living and dining areas. These units are all well maintained. All units are accessible, ground level and have patios in the back.
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$999,000
Sold Price:
$915,000
Sold Date:
07/12/2024
Property Type:
Commercial
City:
Iron River
Garage Spaces:
1
County:
Bayfield
Year Built:
1900
State:
WI
Property Style:
Duplex Side by Side
Zip Code:
54847
Subdivision Name:
Pettingills First Add
Exterior
Garage Spaces:
1
Other Parking Spaces:
1
Air Conditioning:
Wall Unit(s)
Foundation Size:
2,016 ft2
Handicap Accessible:
Fully Wheelchair, No Stairs External, No Stairs Internal
Heating System:
- Baseboard
- Forced Air
- Radiant Floor
Parking Features:
- Asphalt
- Attached Garage
Exterior Material:
Vinyl Siding
Lot & Land
Acres:
2.26
Geolocation:
46.5616339941, -91.4093489998
Inclusions:
Building
Lot Dimensions:
200 x 200+100 x 300 and 140 x 200
Addl Parcels:
19106
Zoning:
Residential-Multi-Family
Schools
School District:
3297
District Phone:
715-363-2431
Expenses
Annual Electric Expense:
$2,250
Annual Insurance Expense:
$3,800
Annual Maintenance Expense:
$1,800
Financial & Taxes
Tax Year:
2022
Annual Taxes:
$7,366
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$272
Units
Total Units:
8
Miscellaneous
Current Use:
Residential
Fuel System:
- Electric
- Natural Gas
- Propane
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Separate
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Coldwell Banker Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.