$950,000
$1,100,000
13.6%For more information regarding the value of a property, please contact us for a free consultation.
13,274 SqFt
SOLD DATE : 02/29/2024
Key Details
Sold Price $950,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 13,274 sqft
Price per Sqft $71
MLS Listing ID 22233851
Sold Date 02/29/24
Year Built 1979
Annual Tax Amount $7,021
Tax Year 2022
Lot Size 0.930 Acres
Acres 0.93
Property Sub-Type Other
Property Description
Heidi Apartments is a sixteen unit low income elderly housing (Section 8) complex that has been owned and operated locally for the last 40+ years. The building was built in partnership with Farmers Home Administration (FHA) who supplied the financing, and the U.S. Department of Housing and Urban Development (HUD) in conjunction with the Wisconsin Housing and Economic Development Authority (WHEDA) which provides regulatory oversight. It has been in continuous operation since January 1980 when the first tenants moved in, and over that time there have been over 100 tenants that have resided in Heidi Apartments. Heidi Apartments is a two story building with 6, one bedroom apartments and 2, two bedroom apartments on each floor. Each apartment has a single bathroom (bathtub/shower, toilet and sink), living room (with window air conditioner) and kitchen, (refrigerator, electric stove/oven, kitchen sink and cabinets). All rooms are carpeted except for the kitchen and bathroom which have linoleum flooring.,In addition, each floor has a common laundry with a coin-operated washer & dryer, utility sink, and meeting space for residents to gather. The building is situated with an entrance, parking lot and mailboxes on both ends. No resident need navigate stairs to access their apartment. Each unit has a designated parking space in an open (uncovered) lot. The grounds sport a spacious lawn equipped with an in-ground sprinkler system. The building is located approximately ten blocks from gas, groceries and banking and a twenty minute drive from Wausau, Wisconsin.
Location
State WI
County Marathon
Zoning Commercial
Interior
Heating Natural Gas
Cooling Forced Air, Wall A/C
Exterior
Roof Type Shingle
Building
Sewer Municipal Sewer, Municipal Water
New Construction N
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