1107 3rd Ave, Park Falls, WI 54552
sale
$299,000
|
Other
Courtesy Of Redman Realty Group, LLC
Prime Park Falls Investment Opportunity - Well-established multifamily property in the heart of downtown Park Falls. This fully occupied four-unit offering features stable, long-term tenants and excellent proximity to local retailers, restaurants, and services. Unit mix includes one 2-bed/2-bath, two 2-bed/1-bath, and one 1-bed/1-bath. Property highlights include an on-site laundry area, indoor parking available for tenants at an additional monthly fee, and ample exterior parking. Included are three parcels - one being a 0.3-acre buildable vacant lot to the south, offering extraordinary potential for future expansion, storage buildings, garages, or additional rental units. Excellent cash-flow asset with development upside in a growing community.
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Property Features
- Building Units: 4
- Exterior Type: VinylSiding
- Exterior Type: WoodSiding
- Floor Covering: Mixed
- Heating System: Electric (Heating)
- Heating System: Natural Gas
- Legal Description: SOUTHGATE ADDITION N 1/2 LOT 5 BLOCK 3
- MLSID: 214930
- Roof Type: Composition
- Roof Type: Shingle
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