225 Lake Ave, Phillips WI 54555 $149,900

225 Lake Ave, Phillips 0 Acres $149,900 Active

  • CommercialProperty
  • Status: Active
  • County: Price
  • Property Taxes: $3,345
  • Property Tax Year: 2016
  • MLS#: 170004
  • Listing Company: Re/Max New Horizons Realty Llc

225 Lake Ave, 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!

Additional Features
  • Heating/Cooling: Forced Air, Hydronic/Hot Water
  • Flooring: Carpeting, Vinyl
  • Waterfront/Access: N
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
170004 Active Mar 2 2018 12:21PM $149,900 326

Estimated Monthly Payment

$3,287 per month
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Rates and fees are subject to adjustments based on your credit score and the loan-to-value ratio. Rates and fees are also subject to change without notice. Other rates and loan programs are available.
All applications are subject to current underwriting guidelines and credit approval. EHL NMLS#280412

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