For Sale: Grantsburg MLS# 7123125
Active
$650,000
Commercial: Other
Built 1962
8.607 acres
Grantsburg schools
MLS# 7123125
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Property Description
Investors—this one is ready to go! This cash-flowing 8-unit apartment building has had over $125, 000 in recent improvements, including four completely renovated units and increased rents. With strong rental income, a solid tenant base, and major updates already completed, this is a great opportunity to step into a well-performing property without taking on a big renovation project. There’s also potential for additional income through storage and other opportunities. Whether you're looking to add to your portfolio or jump into a solid investment property, this one is worth a look. Don’t miss out!
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:
Other
Zip Code:
54840
Interior
Appliances Included:
- Range
- Refrigerator
Basement Details:
Block
Exterior
Garage Spaces:
0
Air Conditioning:
None
Foundation Size:
5,539 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Boiler
Parking Features:
- Asphalt
- Paved Lot
Road Frontage:
City Street
Exterior Material:
Block
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
8.607
Geolocation:
45.774705, -92.69291
Inclusions:
Building
Lot Dimensions:
187 x 200
Addl Parcels:
131260067900
Zoning:
Residential-Multi-Family
Lot Description:
Corner Lot
Schools
School District:
2233
District Phone:
7154632531
Expenses
Annual Fuel Expense:
$3,600
Annual Insurance Expense:
$2,700
Annual Water/Sewer Expense:
$3,400
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$5,378
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,378
Income
Annual Gross Income:
$78,900
Rent
Annual Net Income:
$60,000
Units
Total Units:
8
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Hot Water Common
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
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.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.