
Fulton Realty
1330 Lagoon Ave S, 4th Floor, Minneapolis MN 55408
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9524726200105 W 3rd AvenueOsceola Twp, WI 54020ActiveSave
-1BD
-1BA
10500SqFt
UPDATED
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 10,500 sqft
Price per Sqft $111
Year Built 1917
MLS Listing ID 5347121
Property Description
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 RESURFACES 2020.
Location
State WI
County Polk
Zoning Residential-Multi-Family
Interior
Interior Features Ceiling Fan(s),Hardwood Floors,Tiled Floors
Heating Steam
Cooling Window Unit(s)
Inclusions Building,Fixture/Equipment,Leases
Exterior
Utilities Available Heating Common,Electric Common,Hot Water Common
Waterfront No
Roof Type Flat,Age 8 Years or Less
Present Use Residential
Building
Foundation 3500
Lot Dimensions 100x80
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Stucco,Brick/Stone
Schools
School District 4165 - Osceola
Others
Tax Amount $8,083
Tax Year 2018
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