4 Brown St, Rhinelander WI 54501 Sold for $530,000 on 12/01/2016

4 Brown St, Rhinelander 0 Acres $530,000 Sold

  • CommercialProperty
  • Status: Sold
  • County: Oneida
  • MLS#: 146814
  • Listing Company: First Weber - Rhinelander

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.

Additional Features
  • Heating/Cooling: Hydronic/Hot Water
  • Flooring: Mixed
  • Roof: Rubber
  • Waterfront/Access: N
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
177190 Active Apr 16 2019 10:18AM $699,000 239
146814 Sold Active w/Contract Dec 2 2016 11:17AM $530,000 717
146814 Active w/Contract Active Nov 16 2016 10:17AM 717
146814 Feb 18 2016 1:19PM $539,500 $579,500 717
146814 Active Expired Dec 29 2015 3:19PM 717
146814 Expired Active Dec 16 2015 2:17AM 717
146814 Sep 14 2015 12:20PM $579,500 $639,500 717
146814 Active Jan 5 2015 12:04PM $639,500 717

Estimated Monthly Payment

$3,287 per month
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The information which is contained on pages with property data is obtained from a number of different sources and which has not been independently verified or confirmed by the various real estate brokers and agents who have been and are involved in this transaction. If any particular measurement or data element is important or material to buyer, Buyer assumes all responsibility and liability to research, verify and confirm said data element and measurement. Shorewest Realtors is not making any warranties or representations concerning any of these properties. Shorewest Realtors shall not be held responsible for any discrepancy and will not be liable for any damages of any kind arising from the use of this site.
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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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