1 Story, Complex

duplex for sale

23 views

Listed: 02/13/23

Maples Motel, 4750 8th Street South, Wisconsin Rapids, WI 54494, USA

Studio Bed:

1 Bath:

Save

Price

$ 2,5M

Show 6 more

About This Duplex

This 2.18 Acre parcel is Prime location... located nearWALMART & Kwik Trip, within 15 minutes of multiple prime waterski lakes & Golf including PGA recognized "Sand Valley Golf Course." It includes a modern 3-bedroom 1 Bath apartment, 29 units efficiency units. This property has the traffic to expand on the complex or repurpose the property to utilize the high traffic corner lot. This complex has been beautifully maintained & updated over the 40 years the seller has owned the building. The owner currently has maintained consistent no-vacancy, with a waiting list for future bookings. The seller's current strategy has been to operate as a mid-term rental. Targeting construction, transient, and seasonal workers with a stay duration from a few weeks to a few months. The property is currently exempt from motel style taxes due to occupancy style, as well as lower vacancy and management expenses.

Amenities

Take a dip in a refreshing pool anytime Pool
This duplex has a spectacular relaxation spot - a deck Roof Deck

Property Also Includes

Dishwasher
Microwave
Range
Refrigerator
Roof Composition Shingle

Protect Yourself From Rental Scams

While we strive to provide accurate and timely information, it's essential to remain vigilant and do your due diligence when considering rental properties. Make sure to follow expert tips to reduce the risk of fraud when renting a new apartment.

Duplexes for sale in Wisconsin Rapids

North Beach at NEPCO Lake Housing & Living

Household Income

Median household income: $38,322

Number of households: 8,244

The average household income in Wisconsin Rapids, WI grew from $35,775 to $38,322 in the past year. This data is an estimate based upon 8,244 households in Wisconsin Rapids, WI.
The chart below presents how household income is distributed in Wisconsin Rapids, WI in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $800-$1,500

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Wisconsin Rapids, WI compared to median property taxes around the country. The prevalent amount of property taxes in Wisconsin Rapids, WI equals $800-$1,500 , which is less than the national average.