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Key Details
Sold Price $275,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Original V Balsam Lake
MLS Listing ID 6699705
Sold Date 07/21/25
Year Built 1938
Annual Tax Amount $2,031
Tax Year 2024
Contingent None
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 50x140
Property Sub-Type Mixed Use
Property Description
Don't miss out on this fantastic investment opportunity in thriving downtown Balsam Lake! This property offers three apartments (one of which has already been renovated) with a strong rental history, all currently leased, providing steady income. In addition to the residential units, there's a business space on the main level, storage and common space in the basement, and coin operated laundry facilities that generate even more income. Two additional garage storage spaces are also included and can be combined with tenant lease for additional income. Whether you choose to live in one of the apartments or strictly use the entire building as rental income, this property is a smart choice for investors. A 24-hour notice is required due to tenant occupancy.
Location
State WI
County Polk
Zoning Business/Commercial
Rooms
Basement Full, Storage Space, Unfinished
Interior
Heating Hot Water
Cooling Window Unit(s)
Fireplace No
Appliance Dryer, Range, Refrigerator, Washer
Exterior
Parking Features On-Street Parking Only
Garage Spaces 2.0
Utilities Available Heating Common
Roof Type Flat
Present Use Professional/Office,Residential
Building
Lot Description Corner Lot
Story Two
Foundation 1440
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Brick/Stone
Schools
School District Unity
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