2214 11Th St Two Rivers, WI 54241
This unique investment opportunity in Two Rivers, Wisconsin, presents a three-building complex totaling 10,978 square feet on four parcels. The property includes the renovated St. Marks Church and Rectory, both currently leased, and a vacant convent ready for immediate rental. The convent features 15 furnished bedrooms, each with a bed, mini-fridge, microwave, TV, and sink, plus a full kitchen and living room. The complex is situated at 2214 11th St, Two Rivers, WI 54241, and includes additional land encompassing a vacant lot and parking area. The asking price is $599,000, representing a price per square foot of $54.56. The property is zoned PUD and currently has 33% occupancy. Individual building sizes are: 2214 11th St (2829 sq ft), 2216 11th St (4326 sq ft), and 1110 Victory St (3823 sq ft). This turnkey investment offers significant potential for rental income and future growth. The property's rich history and versatile layout make it an attractive proposition for discerning investors seeking a unique and established asset in a desirable location. Tax parcel numbers include 05331100302000, 05331100301909, 05331100302101, and 053-311-003-021.01.
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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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.