15 State St Deerfield, WI 53531

Property Details for 15 State St

Year built

1989

Property size

2,588 SF

Property type

Commercial real estate

Description

This 8-unit apartment building, located at 15 State Street in Deerfield, Wisconsin, presents a compelling investment opportunity. The property, built in 1989 and extensively renovated in 2023, boasts a total of 2,588 square feet, including a spacious 1,632-square-foot basement. The building's recent renovations include a new roof and remodeled restrooms. The layout comprises seven private rooms, one semi-private room, and a private office adjacent to the kitchen. Two full bathrooms, one featuring a walk-in shower, serve the residents. Previously operating as an assisted living facility, this property is ideally suited for continued use in that capacity or conversion to standard multi-family housing. The property is zoned R-2 (Single Family Residential), offering flexibility for future use. Its prime location offers easy access to S. Main Street, Liberty Street, and State Road 73, providing convenient access to local amenities. The surrounding area features a population exceeding 8,000 within a 5-mile radius, with an average household income of $119,080, indicating strong rental demand and potential for high returns. The asking price for this exceptional property is $320,000. The information provided is deemed reliable but not guaranteed; changes may occur without notice.