MLS# 1538204 - $1,175,000

105 3rd AVE - Osceola WI 54020 Commercial - 0.28 Acres

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$1,175,000  |  Commercial # 1538204  |  105 3rd AVE - Osceola, WI

ONCE IN A LIFETIME OPPORTUNITY TO OWN THIS FIRE-PROOF BUILT HISTORIC 20-UNIT BUILDING! ONCE THE HOTEL OSCEOLA, NOW A RENOVATED MARKET RATE APARTMENT COMPLEX. CURRENT AVERAGE IN PLACE RENTS OF $662 W/ HUGE POTENTIAL TO INCREASE RENTS TO MARKET $775 PER UNIT. STEAM BOILER WAS REPLACED IN 2009, HALF OF THE WINDOWS REPLACED IN 2010. 12 OF THE 20 UNITS HAVE BEEN RENOVATED TO MARKET STANDARDS. TWO OF THE REMAINING EIGHT APTS. NOT RENOVATED ARE GOING THROUGH A COMPLETE DEMO/RENOVATION SET TO BE COMPLETED BEFORE A POTENTIAL CLOSING IN EALRY SPRING. SELLER'S MOTIVATION IN SELLING IS A 1031 TAX EXCHANGE. SEE MARKETING PACKET FOR MORE DETAILS. NEW ROOF 2020 AND PARKING LOT RESURFACED 2020

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$1,175,000  |  Commercial # 1538204  |  105 3rd AVE - Osceola, WI

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Re: $1,175,000  |  Commercial # 1538204  |  105 3rd AVE - Osceola, WI

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NW WI MLS Data relating to real estate for sale on this website comes in part from the IDX program of the NW WI MLS. Information provided by NW WI MLS is compiled from 3rd party source. Information deemed reliable, not guaranteed. Neither NW WI MLS, the listing broker or its agents or subagents are responsible for its accuracy. This information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Sold price is derived from the transfer tax shown on the deed and other factors may influence the actual sale price.

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