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For Sale:  Lenroot Twp MLS# 6725926

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Active NEW!
$520,000
/mo Edit
Multi-family:  Apartments
Built 1993
1,834 sqft • 0.24 acres
MLS# 6725926
763-576-8286
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    Property Description

    INVESTORS (Lake Front Property)-7 Remodeled Condos on renowned Nelson Lake in Hayward, WI. Purchased at the end of the year of 2021. Remodeled in 2022 & established as Vacation Rentals in 2023. Huge income potential. Units come turn key- Fully Furnished & ready to rent. Bookings already on the books through Air B&B/VRBO and can be rented year round. New boiler and opportunity to put coin laundry in the utility room for extra income. Every room comes with 2 beds, mini fridge, TV, décor, other furniture, bedding/towels and private decks overlooking Nelson Lake. Condos all have their own tax ID and can be sold individually. Hayward is a destination year round with it many events and draw from the Twin Cities down to Chicago area. Lawn and Snow is maintained by the Association. Birch Point Association is Vacation Rental friendly and offers a private beach for owners and guests as well as two bar/restaurants within walking distance of the condos. Do not miss this opportunity!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $520,000
    Price per sq ft: $284
    Property Type: Multi-family
    City: Lenroot Twp
    Garage Spaces: 0
    County: Sawyer
    Year Built: 1993
    State: WI
    Property Style: Apartments
    Zip Code: 54843
    Subdivision Name: Birch Point Condo

    Interior

    Finished Area: 1,834 ft2
    Living Area: 1,834 ft2
    Refrigerators: One
    Basement Details:
    • Crawl Space
    • Partial

    Exterior

    Stories: One
    Garage Spaces: 0
    Foundation Size: 1,834 ft2
    Fencing: None
    Handicap Accessible: Doors 36"+, Grab Bars In Bathroom, No Stairs External, No Stairs Internal, Other
    Road Responsibility: Association Maintained Road
    Heating System:
    • Baseboard
    • Hot Water
    • Radiant
    Parking Features:
    • Gravel
    • Unassigned
    Shared Amenities:
    • Beach
    • Boat Slip
    • Dock
    • Trail(s)
    Exterior Material: Cedar

    Lake & Waterfront

    Waterfront Present: Y
    Waterfront Name: Nelson Lake (Totagatic Flow)
    Waterfront View: Lake
    DNR Lake ID#: 600006186
    WF Frontage: 1400
    Elev Highpt to WF feet: 10-15
    Waterfront Slope: Gradual
    Lake Chain Name: N
    Lake Acres: 2716
    Lake Depth: 33
    Waterfront: Lake Front

    Lot & Land

    Acres: 0.24
    Geolocation: 46.0764997295, -91.4585120791
    Lot Dimensions: 80 x 24
    Addl Parcels: 16014, 16015
    Zoning:
    • Business/Commercial
    • Other
    • Residential-Multi-Family
    • Residential-Single Family
    • Shoreline
    Lot Description:
    • Accessible Shoreline
    • Some Trees

    Schools

    School District: W441
    District Phone: 715-354-3471

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Gross Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: None

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $2,733
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: None

    Income

    Annual Gross Income: None

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Other
    Owner Occupied: No
    Sewer System: Septic System Compliant - Yes
    Water System:
    • Shared System
    • Well

    Mortgage Calculator

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    Payment:  /mo

    Listing provided by RMLS, courtesy of Chippewa Valley Real Estate, L.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.