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165 S Chet Krause Drive, Unit 185, Iola, WI 54945

$995,000
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Active
BEDS0 BATHS MLS#22600132
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLIola-Scandinavi
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Listing Courtesy of: KPR BROKERS, LLC
Agency Phone: 8007469464
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Property Description

Investment Opportunity! Discover this unique 12-unit apartment complex located in the Village of Iola! Spanning an entire block, this property consists of two combined buildings with over 39,000 square feet and offers ample space with potential to add additional units or repurpose the other square footage. The complex features off-street parking for tenants, on-site laundry, and inviting common gathering areas, perfect for socializing, card nights, or game day Sundays. Unit layouts include a mix of 2-bedroom/1-bath and 1-bedroom/1-bath apartments. The property boasts a strong rental history, and all units are currently occupied. The other building has potential to be repurposed or could be other potential uses. It was formerly used as a medical facility. The construction materials would be difficult to duplicate for the price this one is being offered at. Lower level features additional storage areas and utility rooms. There is a ton of potential with all the square footage this property has to offer, plus the cash flow from the 12 units that is currently in place makes this a

165 S Chet Krause Drive, Unit 185 | MLS# 22600132

This multi-family property located at 165 S Chet Krause Drive, Unit 185, Iola, WI 54945 is currently listed for sale with an asking price of $995,000. S Chet Krause Drive, Unit 185 is located within the Iola-Scandinavi school district. Search Iola real estate on www.starkhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Lot Size: 116,741
Roof Type: Shingle, Flat, Other
Taxes: $13,064
Year Built: 1965

Units

Unit 1:
Bedrooms: 1
Full Baths: 1
Unit 2:
Bedrooms: 2
Full Baths: 1
Unit 3:
Bedrooms: 1
Total Baths: 1.0
Unit 4:
Bedrooms: 2
Total Baths: 1.0

Amenities

Ceiling Fan(s)
Smoke Detector(s)
Cable/Satellite Available
Walk-in closet(s)
Deck
Patio

Appliances

Refrigerator
Range/Oven

Feature Descriptions

Building: Complex, 1 Story
Data Source: WIREX_CWBR
Days on Site: 54
Exterior: Brick/Stone, Vinyl, Other
Lot Dimensions: 116,741
Units: 12
Water/Waste: Municipal Water, Municipal Sewer

Local Schools

High School: Iola-Scandinavi
Middle School: Iola-Scandinavi
Elementary School: Iola-Scandinavi
School District: Iola-Scandinavi

Listed By / Shown By

Listed By

Agency Name: KPR BROKERS, LLC
Agency Phone: 8007469464

Shown By

Agency Title: Stark Company Realtors
Agency Phone: 608-256-9011

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Estimated Payment

$ 6,655.25 per month $5,276.38 Principal & Interest $1,088.67 Property Tax $290.21 Homeowner's Insurance

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