About This Home
This 12-bedroom, 8-bathroom residential multi family at 165 S CHET KRAUSE DRIVE in Iola, WI is listed for $995,000. Built in 1965, on a 2.68 acres lot.
Key Features
- Built in 1965
- 2.68 acre lot
Property Details
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 rare investment opportunity. Don't miss, schedule your showing today!
Monthly Cost Estimate
$5,321/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
165 S CHET KRAUSE DRIVE
Iola, WI 54945
Features & Amenities
Interior Features
Property Details
Construction
Outdoor Features
Parking
Heating
Appliances
Questions & Answers
This 12-bedroom, 8-bathroom residential multi family at 165 S CHET KRAUSE DRIVE is listed at $995,000. The estimated monthly payment is $5,321 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1965, 2.68 acre lot. Interior Features: Ceiling Fan(s), Smoke Detector, Cable Hookup.
This property is listed by TEAM KITOWSKI and can be reached at 7155986367.