For Sale: Amery MLS# 6722732
Active
NEW!
$2,500,000
Commercial: Apartments
Built 1991
3.55 acres
Amery schools
MLS# 6722732
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Property Description
The Apple River Estates is a very attractive well maintained 20-unit in the Heart of Amery Wisconsin. Constructed in 1991, these slab-on-grade apartments feature large eat-in kitchens, lots of windows, and tenant owned in-unit washers and dryers. Plenty of off-street parking plus 12 detached garages separately rented for extra income. Kitchens include well built upper and lower cabinets, stainless steel double sinks, and spacious eat-in dining areas. Residents enjoy private outdoor patios with views of the scenic Apple River to the east. Every apartment features their own secured entrance, lots of closet space, and wall air conditioning. The buildings sit on a total of 3.55 picturesque acres! Location is close to the historic downtown area of Amery, WI with many boutique shops, grocery stores, and fine dining. These units always stay rented with a waiting list! Professionally managed by LSI Property Mangement with the option to retain them as management to make a smooth transition!! Owner is an agent not representing himself in the sale.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$2,500,000
Property Type:
Commercial
City:
Amery
Garage Spaces:
12
County:
Polk
Year Built:
1991
State:
WI
Property Style:
Apartments
Zip Code:
54001
Subdivision Name:
River Place
Interior
Ceiling Height:
8-10
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Appliances Included:
- Range
- Refrigerator
Basement Details:
None
Exterior
Stories:
One
Garage Spaces:
12
Other Parking Spaces:
20
Air Conditioning:
Wall Unit(s)
Foundation Size:
16,026 ft2
Handicap Accessible:
Fully Wheelchair
Road Responsibility:
Public Maintained Road
Heating System:
Baseboard
Parking Features:
- Detached
- Parking Lot
Unit Amenities:
- Patio
- Washer/Dryer Hookup
Road Frontage:
City Street
Exterior Material:
- Brick/Stone
- Wood Siding
Roof Details:
- Age Over 8 Years
- Asphalt
- Pitched
Lake & Waterfront
Waterfront Present:
Y
Waterfront Name:
Apple River
DNR Lake ID#:
W00000523
Lake Chain Name:
N
Lake Acres:
0
Lake Depth:
0
Waterfront:
River Front
Lot & Land
Acres:
3.55
Geolocation:
45.293007, -92.36197
Inclusions:
Building, Business, Land, Leases, Rental License
Lot Dimensions:
3.55
Zoning:
Residential-Multi-Family
Lot Description:
- Accessible Shoreline
- Many Trees
Farm
Topography:
Level
Schools
School District:
119
District Phone:
715-268-0272
Expenses
Annual Electric Expense:
$1,905
Annual Fuel Expense:
$1,905
Annual Insurance Expense:
$13,000
Annual Maintenance Expense:
$18,000
Annual Gross Expense:
$106,670
Annual Trash Expense:
$4,802
Annual Water/Sewer Expense:
$12,006
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$21,551
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$21,551
Income
Annual Gross Income:
$256,167
Rent
Annual Net Income:
$106,670
Units
Total Units:
20
Miscellaneous
Current Use:
Residential
Fuel System:
Electric
Owner Occupied:
No
Sewer System:
City Sewer - In Street
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Common
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Apartment Cash Flow, Inc..
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.