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OFF-MARKET
Apartment buildings

W6346 State Hwy 95 Hwy Neillsville, WI 54456

5,000 SF 4.99 ac lot Built 1950
Property ID
Property summary
AI-generated overview

This fully occupied, seven-unit apartment building presents a compelling investment opportunity. Situated on a spacious 4.99-acre lot off Highway 95 in Neillsville, Wisconsin, this property boasts a prime location near Hatfield and a 900-acre recreational lake. Originally a schoolhouse, the building has been thoughtfully transformed into a multi-family complex, featuring numerous recent updates. These include a new roof (2023, steel covered), newer furnaces in each unit, updated vinyl windows, steel siding, and a new septic system (2013). Several units showcase new vinyl flooring, sinks, and sliding barn doors, with one unit being handicap accessible. Residents enjoy a welcoming atmosphere with common areas, including a laundry room with coin-operated machines. Ample parking is available both in front and behind the building, along with three entryways and interior storage rooms in four units. The property also includes a large yard, a cozy front patio, and a 25x25 pole shed. The expansive lot offers potential for future expansion, with cleared space suitable for additional parking or even new building units. The property's commercial zoning adds to its versatility and investment potential. This 5,000 square foot building, constructed in 1950, offers a blend of established income and significant growth opportunities. The asking price is $395,000. The property's APN is 0280212000.

Property profile
Verified
Property type Apartment buildings
Year built 1950
Total area 5,000 SF
Lot 4.99 ac (217,364 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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