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Balsam Lake,WI 54810
Key Details
Property Type Commercial
Sub Type Office(s),Apartment building
Listing Status Active
Purchase Type For Sale
Subdivision Original V Balsam Lake
MLS Listing ID 6699705
Bedrooms 3
Year Built 1938
Annual Tax Amount $2,031
Tax Year 2024
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Office(s),Apartment building
Property Description
Don?t miss out on this fantastic investment opportunity in thriving downtown Balsam Lake! This property offers three apartments (one of which has already been renovated) with a strong rental history, all currently leased, providing steady income. In addition to the residential units, there?s a business space on the main level, storage and common space in the basement, and coin operated laundry facilities that generate even more income. Two additional garage storage spaces are also included and can be combined with tenant lease for additional income. Whether you choose to live in one of the apartments or strictly use the entire building as rental income, this property is a smart choice for investors. A 24-hour notice is required due to tenant occupancy.
Location
State WI
County Polk
Zoning Business/Commercial
Rooms
Basement Full,Storage Area,Unfinished
Interior
Heating Natural Gas
Cooling Window/wall AC,Hot Water
Equipment Dryer,Range,Refrigerator,Washer
Exterior
Exterior Feature Brick/Stone
Garage Spaces 2.0
Parking On Site 1
Roof Type Flat
Building
Dwelling Type 2 Story
Sewer Municipal Water,Municipal Sewer
New Construction N
Schools
School District Unity
Others
Acceptable Financing Other
Listing Terms Other