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$1,300,000

0 Beds 0 Baths 6,246 SQFT 1.60 Acres
Type: Multi-Family

305 W Prospect Street
Thorp, WI 54771

MLS#: 7127607
Kara Werth
Kara Werth
The Real Estate Advantage
Agent
Phone: 651.245.8557
Office: 763.755.1100
Presented by: DeGraw Investments LLC

Property Description

 

Exceptional Four-Unit Condominium Investment Opportunity | Thorp, Wisconsin Discover a truly unique investment opportunity with this beautifully maintained four-unit condominium property situated on approximately 1.6 acres in a peaceful, park-like setting in Thorp, Wisconsin. With numerous improvements, exceptional accessibility, and multiple potential uses, this property is ideal for investors, healthcare providers, or those seeking a private family compound. Three units offer 2 bedrooms and 1 full bath, while the fourth unit features 1 bedroom and 2 full baths. Every unit includes a four-season porch, attached 484-square-foot two-car garage, and in-unit washer and dryer, providing residents with comfort, convenience, and independent living. The spacious end units each offer 1,167 square feet, while the two center units each provide 1,132 square feet of thoughtfully designed living space. Best of all, there are no steps inside or outside the property, making the entire development wheelchair accessible. Residents can gather in the impressive 1,640-square-foot common area, featuring in-floor heat and ample space for social activities, meetings, or community events. Just outside, a large paved patio overlooks beautifully landscaped grounds, while a picturesque stream winds through the back of the property, creating a peaceful setting rarely found in an investment property. An additional detached common garage provides valuable storage or maintenance space. Whether you’re looking to create a: ? Family compound or multi-generational living community ? Vacation rental destination ? Long-term rental investment ? Assisted living, senior housing, adult family home, or other healthcare-related use (subject to buyer verification and local approvals) ? Corporate or workforce housing this versatile property offers outstanding potential. Property Highlights • Building is a free span structure making it easy to remove any interior walls ? Four condominium units ? Three 2-bedroom, 1-bath units ? One 1-bedroom, 2-bath unit ? End units: 1,167 SF each ? Center units: 1,132 SF each ? Attached 484 SF two-car garage for every unit ? Four-season porch in every residence ? Washer and dryer included in each unit ? Completely wheelchair accessible with no interior or exterior steps ? 1,640 SF heated common area with • In-floor heat • Wall AC units • Full bath with walk-in shower • Full kitchen ? Large paved community patio ? Detached common garage ? 1.6-acre setting with a beautiful stream along the rear of the property ? Numerous improvements throughout This is an exceptional opportunity to own a one-of-a-kind property that combines residential comfort, accessibility, natural beauty, and outstanding investment flexibility.


 

Interior Features

Bedrooms

Total Bedrooms0

Bathrooms

Total Baths0

Other Interior Features

Above Grade Finished Area6,246 sqft
BasementNone
Basement (Y/N)No
Below Grade Finished Area0 sqft
FuelNatural Gas
Garage Dimensions22x22
Garage Square Feet484
Laundry FeaturesIn Unit

General

AccessibilityDoors 36 +, Fully Wheelchair, Hallways 42 +, No Stairs External, No Stairs Internal, Roll-In Shower, Roll Under Accessibility
Additional Parcels Description2860907307, 2860907309, 2860907311
Additional Parcels Y/NYes
Association AmenitiesLobby Entrance, Patio, Porch, Security Building
CityThorp
ContingencyNone
CountyClark
Directions53S from the cities, 29th east, prospect street right
Electric Expense1700
Fuel Expense202
Garage Spaces9
Gross Income8640
HeatingForced Air
High School DistrictThorp
Insurance Expense3229
Land Lease Y/NNo
Lender OwnedNo
LevelsOne
Living Area6,246 sqft
Lot Size UnitsAcres
MaintenanceExpense600
New ConstructionNo
Number Of Units Total4
Operating Expense8640
PostalCityThorp
Property SubtypeFourplex
Property TypeResidential Income
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameLindquist Add
Tax Annual Amount$8,141
Tax Year2025
Trash Expense0
Virtual TourClick here
Water Sewer Expense622
Waterfront FeaturesCreek/Stream
Year Built1992
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total6,246 sqft
Foundation Area6,246 sqft
Lot Dimensions233X60X194X181
Lot Size Area1 sqft
Parking FeaturesAttached Garage, Asphalt, Garage Door Opener
Water SourceCity Water/Connected
Waterfront Y/NYes

Additional Details

Price History

Schools 

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

  

Similar Properties

$1,300,000

0 Beds 0 Baths 6,246 SQFT 1.60 Acres
Type: Multi-Family

305 W Prospect Street
Thorp, WI 54771

MLS#: 7127607
Kara Werth
Kara Werth
The Real Estate Advantage
Agent
Phone: 651.245.8557
Office: 763.755.1100