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32955992
32955993

410 MAIN ST W, ASHLAND, WI 54806-1510 For Sale

AB
WI 94170-94, MN 40737099
RE/MAX
Listed by RE/MAX
$450,000
52 days on market
Updated 52 days ago
Opportunity zone

410 MAIN ST W ASHLAND WI 54806

Details
APN 201-04288-0000
Property Type Multifamily, Mixed Use
Square Footage 3,485
Units 6
Cap Rate 6.76%
NOI $30,421
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 6.76%
Pro-Forma NOI $30,421
Price per SqFt $129
Year Built 2004
Buildings 1
Acreage 0.080
Zoning Commercial
Investment Type Stabilized
Ground Lease No

Large Multi-Family Portfolio for Sale - Ashland - WI

Marketing description

Located in the heart of downtown Ashland, this 6-unit mixed-use investment opportunity offers strong rental income potential with historically solid occupancy in one of Northern Wisconsin’s most charming Lake Superior communities. The property features one commercial storefront on the main level along with five upper-level residential units, each offering 1 bedroom and 1 bathroom. Tenants pay electric separately for their own units, and each unit is individually zoned for boiler heat, providing added efficiency and management flexibility for ownership. Positioned along historic Main Street, tenants and visitors alike enjoy close proximity to Ashland's vibrant downtown district, local shops, restaurants, the Lake Superior waterfront, and the renowned Ashland Mural Walk. Whether you are looking to expand your investment portfolio or own a versatile income-producing property, this listing presents a great opportunity! Willing to sell individually or as a package with 210 Main Street, Ashland, WI.

Listing Contacts

AB
WI 94170-94, MN 40737099
RE/MAX
Listed by RE/MAX

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$30,421.00
$2,535.08/mo

Valuation Metrics

0
DSCR
6.76%
Cap Rate
6.76%
ROI

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Additional Information

Name
Aiden Bachand
License
94170-94
Brokerage
RE/MAX Results
Brokerage Phone
2183909594
Title
Salesperson
Brokerage Address
2911 Tower Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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