Rice Lake Multi-Family 7 Unit Building

620-622 W Allen Street
Rice Lake, WI 54868

4,760 sq ft


For over 20 years, the sellers have enjoyed the ownership and income from this apartment building....and now you can do the same! The building was constructed in 1970 and features 4,760 SF on a 0.43 acre lot. There have been many upgrades including replacement of the roof, and windows in four of the units 8 years ago. The building is located in a nice residential neighborhood perfect for attracting and keeping long term tenants. There are 3 two bedroom units, 3 one bedroom units and a three bedroom, 1.5 bath unit that includes a 2 car attached garage. Gross revenue exceeds $51,000 per year and after all expenses the investment shows over a 9.00 CAP Rate. This property will be in high demand so please call today to set up an appointment to view.

Property Info

4,760 sq ft

0.43 acres

Parcel Number: 276-1862-52-000

Proposed Use: Rental

Zoning: Residential

Sales Notes

Call Kevin Feather for showing 715.523.1167


SE corner of Allen and Wisconsin Streets

Agent Info

Agent: Charles Feather

Agent Phone: (715) 308-6600



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