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225 N Lake Avenue
Phillips, WI 54555
MLS #1801019

Commercial
  • 0.06acres
  • 3,000sq ft
$149,900
Est. P&I payment: $572.52/mo
225 N Lake Avenue, Phillips, WI 54555
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Description for 225 N Lake Avenue, Phillips, WI 54555
Looking for an affordable investment property? This well kept 5-unit apartment building has a great rental history. There is store front commercial rental space, 3 1-bedroom apartments and 1 efficiency apartment. The building has been well maintained and each apartment includes a stove, refrigerator, living room, kitchen/dining, bath and 1 bedroom. There is a garage accommodation for additional rental income either for the renters or non renters. There is additional income from a 4 place billboard sign on the north side of the building. Each tenant pays electric, units 4 & 5 pay their own heat and the owner covers the cost of heat for units 1, 2, and 3, water/sewer, and a dumpster for all residential units use. The property has direct access to the snowmobile trail and the ATV trail and some apartments also have a lake view. Located in the heart of Phillips WI on North Lake Ave. Invest Today!
MLS #1801019
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My Notes for MLS #1801019

General Features

  • Building SqFt: 2001-5000
  • Land SqFt: 1-10000
  • Lot Size: 30X100
  • Number of Acres: 0.06
  • Number of Buildings: 1
  • Number of Stories: 2
  • Number of Units: 5
  • Total SqFt: 3,000
  • Type: Real Estate For Sale
  • Zoning: COMMERCIAL/MULTI FAM

Exterior Features

  • Parking: PAVED PRIVATE

Utility Features

  • Fuel Type: Electric,​Natural Gas
  • Heating Type: Hot Water,​Forced Air
  • Water/Waste: Municipal Water,​Municipal Sewer

Financial Features

  • Sale/Rent: For Sale
  • Tax Amount: 3,323

Community Features

  • Municipality: Phillips,​ City Of

Miscellaneous Features

  • Construction: Wood
  • Miscellaneous: Living Area In Building,​Display Window,​High Traffic Location,​High Visibility,​Highway Access,​Reception Area
  • Possible Use: Retail,​Office,​Business,​Mixed Use
  • Present Use: Retail
  • Listing Brokerage: RE/MAX NEW HORIZONS REALTY

Location

 
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Directions to 225 N Lake Avenue, Phillips, WI 54555
HWY 13 PHILLIPS MAIN ST
The listing information for 225 N Lake Avenue, Phillips, WI 54555 was graciously provided by our friends at the listing brokerage, RE/MAX NEW HORIZONS REALTY

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P&I Payment $572.52
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Greater Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Greater Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Listing information courtesy of Central WI Multiple Listing Service, Inc. Copyright © 2003 – 2018 Central Wisconsin Multiple Listing Service, Inc. All rights reserved.
Last Updated 04/20/2018 at 2:45pm
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