105 3rd Avenue

Osceola, WI 54020

About this property

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

Date Added
December 12, 2019
Listing Status
Active
Days On Site
323
MLS#
1538204

Features and Additional Information

Lot Size
12,197 SqFt
Acreage
0.28
Property Type
Commercial
Style
IQWeb_
Sub-Type
Resale
Year
Garage
0
Pool
No
Story(s)
0
Property View
No
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$1,175,000 Active
0 Beds
0
Baths
10,500 SQFT

Presented By C and M Real Estate

Eau Claire

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Get in touch today! Phone: (715) 861-1903
Brokerage
Eau Claire
(715) 861-6410
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Area Information

21 - St.Croix And Pierce | Polk County |

$ 1,175,000
This listing is play_arrow 627.1% higher than the average in the area
$ 161,608 in the area
10,500 SqFt
This listing is play_arrow 2045.0% larger than the average in the area
490 SqFt in the area
$ 112 $/SqFt
This listing is play_arrow 9.6% more than the average in the area
$ 102 $/SqFt in the area
323 days on site
This listing is play_arrow 289.2% above the average in the area
83 days on site in the area

Schools in the Area

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    Elementary School
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    Middle School
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