LARSON REALTY

#CM-81727-PF(DML) Escape the rat race or just make a great investment for your retirement! Countryside Lodging and Apartments is a 30 unit rental complex nestled into a beautiful northwoods setting 1.5 miles west of Phillips & in close proximity to Minnow Lake & the Phillips Chain of Lakes. The units are housed in three separate 11,000 sq. ft. buildings that were constructed in the 1990's & are in very good condition. Each building has its own commercial laundry & there are 23 garage units. There are 6 fully furnished units for lodging rentals on a daily, weekly, or short term basis. Traditionally high occupancy history & terrific cash flow make this a great investment at $1,649,000.00 

  1310n Minnow Lake Rd N Click here for more information
Area   # Units 10
County Price # Floors  
Township PR Phillips City Total SqFt 11,000
Bus Name Countryside Lodgings and Apartments    
MLS# 81727 Price History
Type Multi Family Current Price $1,649,000.00
Status Active Sale Price  
Taxes $22,501 (2007) Sale Date  
Possession On Closing    
       
Business
Bus SubType   Total Exp  
Gross Income   Tenant Exp Other
Lease Terms   Expense Yr  
Items Included Real Estate and Business, Furniture
Business Docs  
Property
Bedrooms   HVAC  
Bathrooms   Fuel  
Flooring   Water City/Municipal
Construction Frame/Stick Sewer City Sewer
Exterior Vinyl Utilities Circuit Breakers, Phone
Roofing Composition Shingles Parking Private over 10, Garage
Info/Permits/Restricts RE Condition Report, Survey/CSM/Plat
Exterior Features  
Site Description  
Site Influence Waterfront Nearby, Level, Treed Site, Quiet Area, Golf Nearby
Lot Lake
Lot Width (ft)   Lake Name NONE
Lot Depth (ft)   Lake Chain  
Lot Size (sqft) 152,828 Surface (ac)  
Lot Size (ac) 3.51 Lake Depth  
Road Ftg (ft)   Water Ftg (ft)  
Access Road Town Road, Paved Road Shoreline  
Legal
Legal Sec 12, T37N, R1E Financing Cash
STR 12 37 1E Zoning  
Tax Comp#   Title Fee Simple
Directions Cty Rd F 1.5 Miles West From Phillips To Right On Minnow Lake Road North, Property On Left.
Consumer Alert  
Listing Office Coldwell Banker Larson Realty 
Selling Office  
 

This listing information is provided to you by:
The GREATER NORTHWOODS MLS - Derek Larson
(800) 788-9611

derek.larson@coldwellbanker.com
COLDWELL BANKER LARSON REALTY   1151 S 4th Ave, Po Box 108, Park Falls     (715) 762-2232

 

The above information is provided by members of the Greater Northwoods Multiple Listing Service and is believed to be reliable but should not be relied upon without verification. The Greater Northwoods MLS assumes no responsibility for its accuracy. Not intended to solicit already listed properties. Lake information was provided by Wisconsin Dept. of Natural Resources. State of Michigan lake information has been provided courtesy of the Michigan DNR, Institute for Fisheries Research, Ann Arbor, Michigan.