300 Maple St S, Turtle Lake, 54889

Multi-Family - (MF) Four Plex For Sale


MLS® #: 5284801
Pending, 20 Days on Market

This income producing property in Turtle Lake consists of 3 rental apartments grossing $1,475/month. These 3 units are on verbal month to month leases. Rents have not been raised for many years for two of the apartments. There is a lease through 2026 with the Post Office grossing $8,950/year but scheduled to rise to $9849/year by May 2021. There are 4 storage locker units with the potential to produce $50/month per locker. The seller pays all the utilities for the 3 rental apartments which run about $5,155 and $2,600 for insurance. However, these units are metered separately if you wanted to change that. The Post Office pays all their utilities and reimburses the seller for the yearly property taxes so there is really no out of pocket cost there except for building maintenance. The apartments have a roof that is approx. 4 years old. The Post Office has a roof that is 12 years old w/25 year warranty. 2 car garage is included as well.

Essential Information

MLS® #: 5284801
Price: $159,900
Bedrooms: 5
Bathrooms: 4.00
Square Footage: 4,450
Acres: 0.06
Year Built: 1957
Type: Multi-Family
Sub-Type: (MF) Four Plex
Style: (MF) Four Plex
Status: Pending

Community Information

Address: 300 Maple St S
City: Turtle Lake
County: Barron
State: WI
Zip Code: 54889


Amenities: None
# of Garages: 2
Garages: Detached Garage


Heating: Hot Water


Exterior: Wood, Vinyl, Brick/Stone
Lot Description: Irregular Lot
Roof: Age Over 8 Years, Flat, Rubber, Age 8 Years or Less
Construction: Previously Owned
Foundation: 3367

School Information

District: 5810 - Turtle Lake

Additional Information

Date Listed: August 26th, 2019
Days on Market: 20
Zoning: Residential-Multi-Family, Business/Commercial

Listing Details

Listing Office: Lakeplace.com Brothers Realty


$/SqFt: $36

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Listing information last updated on September 17th, 2019 at 3:35pm CDT.