2560 Millerville Rd 1- 6, Phelps, WI 54554
sale
$950,000
|
Other
Courtesy Of RE/MAX Property Pros
Outstanding Northwoods investment opportunity on premier North Twin Lake! This unique offering includes three fully furnished waterfront condominium homes being sold together as one package. Located on 2,788-acre North Twin Lake in Phelps, this established vacation rental property offers proven rental history, outstanding income potential, & endless possibilities for future growth. The three residences feature a combined 6 BR & 4 BA, each with its own tax parcel while remaining part of a single condominium declaration. Continue operating as a successful short-term rental investment, create a corporate retreat, or enjoy as a private family compound while generating rental income. Guests & owners alike will appreciate the super-level frontage, excellent fishing, boating, swimming, & year-round recreation. Conveniently located just steps from the public boat landing, the popular Great Escape Bar & Restaurant, & only minutes from downtown Phelps. Sold turnkey with furnishings included, this investment is ready to generate income from day one. Recent improvements include a new furnace, water heater, front door, washer & dryer in the Eagle Nest unit, upgraded East/West & Eagle Nest decks, 5,000-lb. power boat lift with solar charger, two additional dock sections, upgraded electrical improvements, new Eagle Nest ceiling, & central air ductwork for future expansion. A rare opportunity to own an established Northwoods waterfront vacation rental portfolio on one of Wisconsin's premier lakes!
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Property Features
- Amenities: Water Front
- Cooling System: Central Air
- Heating System: Forced Air
- Heating System: Natural Gas
- Heating System: Space Heater
- Legal Description: UNIT 1 NORTH TWIN LAKE VIEW CONDO & 33.33% INT CE UNIT 2 NORTH TWIN LAKE VIEW CONDO & 33.34% INT CE UNIT 3 NORTH TWIN LAKE VIEW CONDO & 33.33% INT CE UNIT 4 NORTH TWIN LAKE VIEW CONDO PROPOSED GARAGE UNIT UNIT 5 NORTH TWIN LAKE VIEW CONDO GARAGE UNIT UNIT 6 NORTH TWIN LAKE VIEW CONDO GARAGE UNIT
- MLSID: 218865
- Roof Type: Composition
- Roof Type: Shingle
- Rooms: Bedroom 6
- Rooms: Bedroom 5
- Rooms: Bedroom 4
- Rooms: Bathroom 4
- Rooms: Bathroom 2
- Rooms: Bathroom 3
- Rooms: Bathroom 1
- Rooms: Bedroom 3
- Rooms: Bedroom 2
- Rooms: Bedroom 1
- View Type: Water
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