$1,175,000

105 3rd Avenue

Osceola WI, 54020

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 RESURFACED 2020

Details

MLS#1538204
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site353

Features

SQ Feet10,500
Acreage0.28
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Area Information
StateWI
CountyPolk
CityOsceola
Zip Code54020
Area21 - St.Croix And Pierce
Listing VS Median (in 54020)
Price:
$1,175,000
low | high
Med:
$199,900
100% of Average
SqFt:
10,500
low | high
Med:
2,175
100% of Average
$ / SqFt:
$112
low | high
Med:
$92
67.869405722671% of Average
On Site:
353
low | high
Med:
136
100% of Average
Listing Updated: November 28, 2020 1:39:07 PM PST
Mary Yacoub-Raad LogoMLS Number: 1538204
Listing Provided By:
Mary Yacoub-Raad  of  Keller Williams Realty Integrity Hudson
MLS Internet Data Exchange (IDX) 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, and that the data is deemed reliable but is not guaranteed accurate by the Realtors Association of Northwestern Wisconsin