See Home Value
Vilas 54521
3160 NINE MILE RD
$359,641*
● Multifamily - Off Market

3160 NINE MILE RD

Eagle River, WI 54521
bedrooms
8 Beds
bathrooms
4 Baths
square feet
2,575 Ft²
$306,000 - $372,000
Reference Base Price*
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

NINE MILE RD. FOURPLEX - This property is a one-of-a-kind property. This compound could be used as a family retreat, rentals, or lucrative business venture. Sitting on 2.58 acres in a beautiful, wooded country setting is a 2BR home; a 1BR, updated year-round cabin; a duplex with upper and lower units; and a 48' x 62' garage/workshop/storage building with heat and water, and with exterior stalls for more storage. All four buildings are in good condition and the home has a new metal roof. Just a short drive to the city of Eagle River and all the amenities and events that it offers. Close to the Eagle River Chain of Lakes and many other boating and fishing opportunities, and national forest lands are just down the road for the outdoor enthusiast to enjoy. The rental income is about 31K/yr and nets 20K/year with a 7.50 cap rate. Occupancy is about 95%!

The manager has listed the unit size as 2575 square feet.
Unit Size
2,575 Ft²
Days on Market
-
Land Size
2.58 acres
Price per sqft
$132
Property Type
Multifamily
Property Taxes
$197
HOA Dues
-
Year Built
-

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Price History

Date / Event Date Event Price
Dec 7, 2022 No longer available -
No longer available
Oct 26, 2022 Price Decreased $339,000
↓ $10K (2.9%)
Price Decreased
Jul 23, 2022 Relisted $349,000
Relisted
Jun 30, 2022 No longer available -
No longer available
Apr 11, 2022 Listed $349,000
Listed
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Property Highlights

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Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By
20221207
12/07/2022
8 Bed
4 Bath
2630 ft²
$319,000
bedrooms
8 Bed
bathrooms
4 Bath
square feet
2630 ft²
-
-
KEN BIEGEL
RE/MAX PROPERTY PROS
20220411
04/11/2022
8 Bed
4 Bath
2575 ft²
$349,000
bedrooms
8 Bed
bathrooms
4 Bath
square feet
2575 ft²
-
-
KEN BIEGEL
RE/MAX PROPERTY PROS
20190718
07/18/2019
7 Bed
4 Bath
2383 ft²
$229,500
bedrooms
7 Bed
bathrooms
4 Bath
square feet
2383 ft²
-
-
-
20180907
09/07/2018
7 Bed
4 Bath
2383 ft²
-
bedrooms
7 Bed
bathrooms
4 Bath
square feet
2383 ft²
-
-
-
20170730
07/30/2017
7 Bed
4 Bath
2383 ft²
-
bedrooms
7 Bed
bathrooms
4 Bath
square feet
2383 ft²
-
-
-

Building Info

3160 Nine Mile Road 3160 Nine Mile Road, Eagle River, WI 54521
More about this Building
3160 Nine Mile Road
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About Vilas


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