4 Brown St Rhinelander WI 54501 $539,500

4 Brown St Rhinelander WI 54501 - This mixed use commercial & multi-family residential building is located at the main downtown commercial corridor intersection of Brown & Davenport Streets providing superior exposure & accessibility. The building is comprised of 3 commercial based tenants with Oneida Title being the anchor tenant with approximately 60% of the applied sq. footage. Two lesser sq footage tenants occupy the Davenport St. accessed leaseholds. The second level is comprised of nine 1BR, 1BA apartments in very good condition, all currently leased, & w/good rental history & revenue stream. The real estate is comprised of 2 separate lots - one for parking & the other structure improved. Total gross income currently is $104,702 and the total gross expense figure is $43,473 resulting in a current net income of $61,929. This investment opportunity thus capitalizes at a 11.48% rate based on the listing price. An income/expense schedule & an inventory of capital improvements is available from the listing agent.