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$ 995,000
Est. payment /mo
Active
165 S CHET KRAUSE DRIVE #185 Iola, WI 54945
12 Beds
8 Baths
2.68 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Complex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 22600132
Style 1 Story
Bedrooms 12
Year Built 1965
Annual Tax Amount $13,064
Tax Year 2025
Lot Size 2.680 Acres
Acres 2.68
Property Sub-Type Complex
Property Description
Investment Opportunity! Discover this unique 12-unit apartment complex located in the Village of Iola! Spanning an entire block, this property consists of two combined buildings with over 39,000 square feet and offers ample space with potential to add additional units or repurpose the other square footage. The complex features off-street parking for tenants, on-site laundry, and inviting common gathering areas, perfect for socializing, card nights, or game day Sundays. Unit layouts include a mix of 2-bedroom/1-bath and 1-bedroom/1-bath apartments. The property boasts a strong rental history, and all units are currently occupied. The other building has potential to be repurposed or could be other potential uses. It was formerly used as a medical facility. The construction materials would be difficult to duplicate for the price this one is being offered at. Lower level features additional storage areas and utility rooms. There is a ton of potential with all the square footage this property has to offer, plus the cash flow from the 12 units that is currently in place makes this a rare investment opportunity. Don't miss, schedule your showing today!
Location
State WI
County Waupaca County
Area Other
Zoning Multi-Family
Rooms
Basement Exposed, Finished, Laundry Facilities
Interior
Interior Features Ceiling Fan(s), Smoke Detector, Cable Hookup, Walk-In Closet(s), Carpet, Elevator
Heating Hot Water/Steam
Appliance Refrigerator, Range
Laundry Available On Site
Exterior
Roof Type Shingle,Flat,Other
Building
Sewer Pb Sewer/Pb Water
Others
Tax ID 26357179
Listed by KPR BROKERS, LLC
The Luxe Group Realtors Real Broker
Company | License ID: 92937 - 94
+1(715) 347-7004 | yourluxepartner@gmail.com