Description
Imagine owning a property with a robust 13% cap rate and a gross income multiplier of 6. Consisting of 7 occupied rental units and a re-tooled public laundromat. With some rents unchanged for years, there exists a substantial opportunity to enhance earnings through thoughtful updates and strategic management. The convenience of location cannot be overstated, with residents and customers enjoying easy access to the bank, dollar store, post office, and gas station, all within walking distance. Moreover, its proximity to Hayward and Ladysmith—just 20 minutes away—places this property in an enviable position, catering to both the local community and visitors to the area.
Interior Details
- Above Grade Finished Area6,015 SqFt
- Appliances IncludedDryer, Gas Water Heater, Other, Oven, Range, Refrigerator, See Remarks, Washer
- Building Area Total6,015 SqFt
- CoolingNone, Other, See Remarks
- ElectricCircuit Breakers
- FoundationPoured, Slab
- HeatingBaseboard, Other, See Remarks, Wall Furnace
- Living Area6,015 SqFt
Exterior Details
- ConstructionCement Siding, Other, See Remarks, Wood Siding
- Lot Size0.77 Acres
- ParkingDriveway, Gravel
- SewerPublic Sewer
- StyleMultiplex
- Water SourcePublic
Property Details
- 2023 Taxes$1,206
- CountySawyer
- Number of Units7
- PossessionClose of Escrow, Subject To Tenant Rights
- Property SubtypeMulti Family
- School DistrictWinter
- StatusActive
- TownshipRadisson
- Unit Number1-7
- ZoningUnzoned
Ready to Take a Look?
Just give us a call and we would be happy to set up a showing!
Call (715) 318-5141 Today!
