My notes for this property


Add listing to my favorites (required)
Sold
$999,000  (list price)
$915,000
/mo Edit
Commercial:  Duplex Side by Side
Built 1900
2.26 acres
Maple schools
MLS# 6461034
My rating:
Request a Showing  
Agent
Ask Karen:

Ask the Agent

    Property inquiries submitted online are continually monitored to provide the best possible service.







    Thank You!

    An agent will be in contact with you soon to answer your question.

    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

    Contingency: None
    City: Iron River
    County: Bayfield
    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

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

    Apply Online     Home Purchase Qualifier     Refinance Rate Checker    

    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.