225 Lake Ave
Phillips, WI 54555
MLS #170004

  • 0.061acres
  • 3,000sq ft
Est. P&I payment: $572.52/mo
225 Lake Ave, Phillips, WI 54555
Description for 225 Lake Ave, Phillips, WI 54555
Looking for an affordable investment property? This well kept 5-unit apartment building has a great rental history. There is store front commercial rental space, 3 1-bedroom apartments and 1 efficiency apartment. The building has been well maintained and each apartment includes a stove, refrigerator, living room, kitchen/dining, bath and 1 bedroom. There is a garage accommodation for additional rental income either for the renters or non renters. There is additional income from a 4 place billboard sign on the north side of the building. Each tenant pays electric, units 4 & 5 pay their own heat and the owner covers the cost of heat for units 1, 2, and 3, water/sewer, and a dumpster for all residential units use. The property has direct access to the snowmobile trail and the ATV trail and some apartments also have a lake view. Located in the heart of Phillips WI on North Lake Ave. Invest Today!
MLS #170004
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My Notes for MLS #170004

General Features

  • Total Square Feet: 3,000
  • Acres: 0.061
  • Number of Stories: 2

Exterior Features

  • Exterior Finish: Wood Siding,​Concrete
  • Construction Material: Frame/Stick
  • Lot Features: Water View,​Easy Access
  • Lot Size in Square Feet: 2,657
  • Lot Width in Feet: 30
  • Lot Depth in Feet: 100
  • Parking Types: Private 1-10,​Paved,​Garage
  • Road Frontage in Feet: 30

Interior Features

  • Number of Units in Building: 5
  • 1st Floor Square Feet: 3,000
  • Basement Square Feet: 3,000
  • Number of Bedrooms: 3
  • Number of Bathrooms: 6
  • Flooring: Vinyl,​Carpeting

Utilities Features

  • Utilities Available: Circuit Breakers,​Electric at lot,​Phone,​Gas at Lot,​Internet Ready
  • Water Utilities: City/Municipal
  • Sewer Utilities: City Sewer
  • Fuel: Electric,​Natural Gas
  • HVAC: Forced Air,​Hydronic/Hot Water

Financial Features

  • Amount of Taxes: 3,345

Community Features

  • County: Price
  • Township: PR Phillips City
  • Access Road: State Hwy,​City Street,​Paved Road

Misc Features

  • Additional Features: Inside Storage,​Reception Area,​Display Window,​Living Quarters,​Sidewalks,​Signs
  • Business Type: Retail,​Multi Family


Street View Not Available
The listing information for 225 Lake Ave, Phillips, WI 54555 was graciously provided by our friends at the listing brokerage, RE/MAX NEW HORIZONS REALTY LLC

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P&I Payment $572.52
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Listing data provided by GNMLS
Last Updated 03/17/2018 at 7:11am
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