Rice Lake, WI 54868
MLS# 1594737 $1,050,000.00
Great investment opportunity with this 11-unit apartment complex featuring 6 two-bedroom units and 5 one-bedroom units, each including a 1-car detached garage. Tenants enjoy access to a community gathering space as they enter the building along with a common laundry area offering 2 coin-operated washers and 2 dryers, providing additional income. Conveniently located close to schools, dining, and shopping, this property is currently producing $10,095 per month, with strong rental history. Coin laundry brings in approximately $2,000 per year. NEW roof on all three buildings September 2025.
| Style | Apartment |
|---|---|
| Type | ResidentialIncome |
| Zoning | N/A |
| Year Built | 1996 |
| School Dist | Rice Lake Area |
| County | Barron |
| Lot Size | 144 x 291 x 268 x 159 |
|---|---|
| Acreage | 1.43 acres |
| Above Grd | 8,500 sq ft |
| Below Grd | — |
| Tax $ / Year | $14,342 / 2024 |
Includes
Dryer,Oven,Range,Refrigerator,Washer
Excludes
Tenants Personal
| Cooling | WallUnits,WallWindowUnits |
|---|---|
| Electric | CircuitBreakers |
| Exterior Features | VinylSiding |
| Fireplace | None |
| Heating | Baseboard |
| Other Buildings | Other,SeeRemarks |
| Patio / Deck | None |
| Sewer Service | PublicSewer |
| Water Service | Public |
| Parking Lot | Asphalt,Driveway |
| Laundry | N |
Listing Agency
Eau Claire Realty Llc
Directions
Hwy 53 to South Access Road to Lemler Road, straight onto Kern Ave. - Property on the right-hand side.
