Income producing fourplex on Frederick Street now available for a new investor's portfolio. The property features 2 lower units and 2 upper units bringing in $2,000 per month collectively. The lower 2 bedroom, 1 bath unit with laundry garners $600 per month and the 1 bedroom, 1 bath lower unit with laundry brings in $525 per month. Both lower tenants paying for all utilities outside of water which is paid for by owner. The upper efficiency units rent for $400 and $475 per month with all utilities included in the rent and paid for by owner. The lower units have individual electrical panels, water heaters and electrical meters while the upper units share one electrical panel, one water heater and one electrical meter. Insurance for the property is $738 for the year and offers shared parking on the lot for tenants. Located within walking distance to downtown Rhinelander, the property provides close proximity to shopping and dining for perspective tenants.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
