Sold: Iron River MLS# 6461034
Sold
$999,000 (list price)
$915,000
Commercial: Duplex Side by Side
Built 1900
2.26 acres
Maple schools
MLS# 6461034
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Property Description
Excellent investment opportunity. 4 Duplexes with room for 1 more to be built, all on City water and sewer and natural gas. These units are very popular and there is always a waiting list to get in, 100% occupancy. Current owner kept rent below the going rate, so there is definitely room for more income here. Units are all 2 bedroom, 1 bath and each has an attached 1 car garage. 6 of the units have in-slab heat with brand new boilers and 2 of the units have off-peak electric heat with propane fireplaces. The last 2 units are 2Feet wider in the living and dining areas. These units are all well maintained. All units are accessible, ground level and have patios in the back.
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$999,000
Sold Price:
$915,000
Sold Date:
07/12/2024
Property Type:
Commercial
City:
Iron River
Garage Spaces:
1
County:
Bayfield
Year Built:
1900
State:
WI
Property Style:
Duplex Side by Side
Zip Code:
54847
Subdivision Name:
Pettingills First Add
Exterior
Garage Spaces:
1
Other Parking Spaces:
1
Air Conditioning:
Wall Unit(s)
Foundation Size:
2,016 ft2
Handicap Accessible:
Fully Wheelchair, No Stairs External, No Stairs Internal
Heating System:
- Baseboard
- Forced Air
- Radiant Floor
Parking Features:
- Asphalt
- Attached Garage
Exterior Material:
Vinyl Siding
Lot & Land
Acres:
2.26
Geolocation:
46.5616339941, -91.4093489998
Inclusions:
Building
Lot Dimensions:
200 x 200+100 x 300 and 140 x 200
Addl Parcels:
19106
Zoning:
Residential-Multi-Family
Schools
School District:
3297
District Phone:
715-363-2431
Expenses
Annual Electric Expense:
$2,250
Annual Insurance Expense:
$3,800
Annual Maintenance Expense:
$1,800
Financial & Taxes
Tax Year:
2022
Annual Taxes:
$7,366
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$272
Units
Total Units:
8
Miscellaneous
Current Use:
Residential
Fuel System:
- Electric
- Natural Gas
- Propane
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Separate
Water System:
City Water/Connected
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of Coldwell Banker Realty.
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.