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$650,000

0 Beds 0 Baths 0 SQFT 8.61 Acres
Type: Commercial

403 W Saint George Avenue
Grantsburg, WI 54840

MLS#: 7123125
Joy Carlson
Joy Carlson
The Real Estate Advantage
Office Broker
Phone: 320.266.1086
Office: 320.264.9240
Presented by: RE/MAX Synergy

Property Description

 

Investors—this one is ready to go! This cash-flowing 8-unit apartment building has had over $125,000 in recent improvements, including four completely renovated units and increased rents. With strong rental income, a solid tenant base, and major updates already completed, this is a great opportunity to step into a well-performing property without taking on a big renovation project. There’s also potential for additional income through storage and other opportunities. Whether you're looking to add to your portfolio or jump into a solid investment property, this one is worth a look. Don’t miss out!


 

Interior Features

Other Interior Features

BasementBlock
Basement (Y/N)Yes
FuelNatural Gas

General

AccessibilityNone
Additional Parcels Description131260067900
Additional Parcels Y/NYes
AppliancesRange, Refrigerator
CityGrantsburg
Construction MaterialsBlock
ContingencyNone
CoolingNone
CountyBurnett
Current UseResidential
DirectionsFrom Twin Cities: I-35 N to exit 165 for MN- 70 E Rock Creek/Grantsburg. Follow MN-70 E and WI-70 E. Turn Left on S. Russel St. Turn left onto W. St George Ave. Immediate Left into parking lot.
Fuel Expense3600
Garage Spaces0
Gross Income78900
HeatingBoiler
High School DistrictGrantsburg
Insurance Expense2700
Land Lease Y/NNo
Lender OwnedNo
Lot Size UnitsAcres
Net Operating Income60000
New ConstructionNo
Number Of Units Total8
Operating Expense18898
OwnerPaysGrounds Care, Snow Removal
PostalCityGrantsburg
Property TypeCommercial Sale
SewerCity Sewer/Connected
Standard StatusActive
Tax Annual Amount$5,378
Tax Year2025
Tenant PaysElectricity
UtilitiesElectric Separate, Hot Water Common
Water Sewer Expense3400
Year Built1962
Zoning DescriptionResidential-Multi-Family

Exterior

Foundation Area5,539 sqft
InclusionsBuilding
Lot Dimensions187x200
Lot FeaturesCorner Lot
Lot Size Area8 sqft
Parking FeaturesAsphalt, Paved Lot
Road Frontage TypeCity Street
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Middle School N/A
Elementary School N/A
High School N/A

  

Similar Properties

$650,000

0 Beds 0 Baths 0 SQFT 8.61 Acres
Type: Commercial

403 W Saint George Avenue
Grantsburg, WI 54840

MLS#: 7123125
Joy Carlson
Joy Carlson
The Real Estate Advantage
Office Broker
Phone: 320.266.1086
Office: 320.264.9240