052 Property Details

052 Property Details

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Phillips Office: 715.339.2181 | 800.569.8137 | phillips@birchlandrealty.com | Listing Agent: rich@birchlandrealty.com

Great Investment Opportunity! This 4-plex and 2-unit apartment in Phillips on S. Lake Avenue produces income immediately upon closing. All units are filled and have good rent history. All tenants have 1-year leases. One car garage for each unit and 4-plex has basement storage. Roof is newer (7 years) on rentals. Shingles for garage go with sale. Tenants pay heat, electric, and water. Dishwasher, refrigerator, and stove with each unit. Coin laundry in basement. Financials and rents available upon request. Don’t drag your feet with this one! Asking $164,900 (17-37-1E)

Property Details
Description 4-plex and 2 unit apartment
Address 571, 575, 577 S. Lake Avenue, Phillips, WI 54555
Price $164,900 Property Number 052
Commercial Type Rental Lot Size 140' x 240' (.7+/- acre)
Construction Frame/Stick Roof Composite Shingles
Water/Sewer Municipal Foundation Poured Concrete, Stone
Heating NG, Forced Air Electric 100 amp CB
Zoning Multiple Family, Residential Living Quarters 4-plex unit, 2-unit apartment
Taxes $3,125.09 (2018)
Computer No. 25301, 25302
Additional Comments

(Tatera/RC) 2 Unit Apartment: 577 S. Lake, upstairs 1 bedroom 1 bath. 575 S. Lake, downstairs, 2 bedroom 1 bath. 4-plex: 571 S. Lake. #1- 2 bedroom 1 1/2 bath, #2- 2 bedroom 1 1/2 bath, #3- 2 bedroom 1 bath, #4- 2 bedroom 1 bath. All units with 1 car garage, 4-plex units with basement storage units. Additional parking available. MLS#176502

Legal Descriptions

Jackson's Addition to Phillips, Lot 5 part of Lot 6, Block 1 and 17-37-IE, part of SW-SW of Lot 2 CSM #1043 Vol 5 Pg 319. Lot 7 part of Lot 6, Block 1 & 17-37-1E, part of of SW-SW, Lot 1 CSM #1043 Vol 5 Pg 319.

Directions

From Phillips office: South on Lake Avenue (Hwy 13) 1 mile. Property on east (left) side of Lake Avenue.

This information is approx. and subject to errors, omissions, change or prior sale, and is provided for your convenience and should not be relied upon in lieu of an inspection of the property. Some of the information may have been obtained from the seller, or other source deemed reliable, but has not been independently verified by the broker.