W6346 State Hwy 95 Hwy Neillsville, WI 54456
This exceptional investment opportunity presents a fully occupied seven-unit commercial building, thoughtfully converted from a former schoolhouse. Situated on a spacious 4.99-acre lot just off Highway 95, the property boasts a convenient circular driveway and a tranquil setting surrounded by nature. The building features 5,600 square feet of space and has undergone significant updates, including a new roof, individual furnaces for each unit, energy-efficient vinyl windows, durable steel siding, and a modern mound septic system installed in 2013. Interior upgrades include vinyl flooring, updated sinks, and stylish sliding barn doors in the handicap-accessible unit. Tenants enjoy a welcoming atmosphere with common hallway sitting areas and a shared laundry room equipped with coin-operated washers and dryers. Ample parking is available both in front and behind the building, accessed via three convenient entryways. Four of the units benefit from inside storage rooms. The property also includes a large yard area, a charming front patio with outdoor seating, and captivating views. A 25x25 foot pole shed is located behind the building, and there's significant cleared space offering potential for expansion, such as additional units, a parking garage, or storage units. This property presents a rare opportunity for investors seeking a stable, high-yield investment with significant upside potential. The asking price is $349,900.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.