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Listed by Kevin Porter Porter Realty LLC
$400,000
Est. payment /mo
8 Beds
5 Baths
4,200 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $95
MLS Listing ID LSA6124347
Bedrooms 8
HOA Y/N No
Year Built 1950
Annual Tax Amount $3,653
Tax Year 2024
Lot Size 0.340 Acres
Acres 0.34
Lot Dimensions 100X150
Property Sub-Type Multi Family
Source lsar
Property Description
1222 & 1218 Lakeshore Drive – Two Income-Producing Homes with Exceptional Potential Two well-performing rental properties are offered together for an unbeatable value. The eastern property (1218 Lakeshore Drive) is a freestanding 4-bedroom home with a solid basement and foundation, currently rented for $1,100/month with a consistent rental history. The western property (1222 Lakeshore Drive) has been converted into a triplex, also showing strong, steady income and long-term tenancy. Both properties are professionally managed, and detailed income statements are available upon request. Combined, these four rental units currently generate over $3,800.00 per month in income. With multiple curb cuts and a prime corner location at Beaser Avenue and Lakeshore Drive, this site also holds excellent future commercial potential. Enjoy great lake views, a proven income stream, and a property that pays for itself while offering strong appreciation potential. This is the opportunity for the intelligent investor—secure income now and position yourself for long-term growth.
Location
State WI
County Ashland County
Area Lsar
Direction Corner of Lakeshore Drive and Beaser
Rooms
Basement Partial
Interior
Heating Natural Gas
Exterior
View Y/N No
Garage No
Building
Story 2
Foundation Poured Concrete
Sewer Public Sewer
Water City
Structure Type Vinyl
Schools
High Schools Ashland (Wi) #170
School District Ashland (Wi) #170
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