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For Sale:  Grantsburg MLS# 6674661

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Active
$650,000
/mo Edit
Commercial:  Apartments
Built 1962
0.86 acres
Grantsburg schools
MLS# 6674661
763-576-8286
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    Property Description

    Investors, don�??t miss this cash-flowing 8-unit apartment building in a high-demand rental market! Strong rental income, this turn-key property has seen numerous updates, ensuring low maintenance and long-term profitability. Beyond rental income, this property offers extra income opportunities, including potential for storage revenue. With a solid tenant base and a well-maintained building, this is a rare chance to step into a fully operational, income-producing asset. Whether you're expanding your portfolio or looking for a stable investment, this property is a must-see!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $650,000
    Property Type: Commercial
    City: Grantsburg
    Garage Spaces: 0
    County: Burnett
    Year Built: 1962
    State: WI
    Property Style: Apartments
    Zip Code: 54840

    Interior

    Ranges: One Per Unit
    Refrigerators: One Per Unit
    Appliances Included:
    • Range
    • Refrigerator
    Basement Details:
    • Block
    • Shared Access
    • Storage Space

    Exterior

    Garage Spaces: 0
    Other Parking Spaces: 12
    Air Conditioning: None
    Foundation Size: 5,539 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Baseboard
    Parking Features:
    • Asphalt
    • Parking Lot
    Shared Amenities:
    • Coin-op Laundry Owned
    • Fire Sprinkler System
    Road Frontage: City Street
    Exterior Material: Wood Siding

    Lot & Land

    Acres: 0.86
    Geolocation: 45.774704, -92.692911
    Inclusions: Building, Other
    Lot Dimensions: 187 x 200
    Zoning: Business/Commercial
    Lot Description: Corner Lot

    Schools

    School District: 2233
    District Phone: 715-463-2531

    Expenses

    Tenant Expenses: Electricity

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $4,766
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $4,766

    Income

    Annual Gross Income: $66,900

    Units

    Total Units: 8

    Miscellaneous

    Current Use: Residential
    Fuel System: Electric
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities: Electric Separate
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Listing provided by RMLS, courtesy of RE/MAX Synergy.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.