173 81 Anderson St Rhinelander WI 54501 $129,500
Features of 173 81 Anderson St Rhinelander WI 54501
- Property Type: Investment
- Status: Sold
- Est. Square Footage: 4,108
- Attached Garage: No
- County: Oneida
- Postal Municipality: Rhinelander
- Township: Rhinelander City
- MLS#: 155781
- Listing Company: First Weber - Rhinelander
- Price/SqFt: $31
- Zip Code: null
Property Description for 173 81 Anderson St Rhinelander WI 54501
173 81 Anderson St Rhinelander WI 54501 - This commercial property with four separate leaseholds grossing $2107/month in rents and tenants paying all utilities including sewer/water is an excellent opportunity to invest in downtown Rhinelander. The leaseholds consist of three separate offices and a 2 bedroom, 1 bath apartment above the offices with separate street level access. Each leasehold offers varying updates from building to building, though all have been well maintained. With interest rates low and this property providing an 13% cap rate when fully rented, this could make for a good long term investment or commercial space for an owner occupied business.
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