See Home Value
Vilas 54521
3160 NINE MILE RD
$328,724*
● Multifamily - Off Market

3160 NINE MILE RD

Eagle River, WI 54521
bedrooms
8 Beds
bathrooms
4 Baths
square feet
2,630 Ft²
$288,000 - $350,000
Reference Base Price*
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

NINE MILE RD. FOURPLEX - Great investment opportunity!! This compound could be used as a family retreat, rentals, or your business. Sitting on 2.58 acres in a beautiful, wooded country setting. All of the buildings are in good condition: The 3BR home has a new metal roof, full basement with a walkout, and a attached 2 car garage; the1BR, year-round cabin also has a basement; and upper and lower 2 bedroom 1 bath duplex units; and a 48' x 62' garage/workshop/storage building with heat and water, and the exterior stalls will allow for more storage or boat rentals (currently it is renting for only $200/month). The financials are outstanding with 97% occupancy rate, a total gross rental income of $40,800, net income of $27,096, and 8.5 cap rate! Close to the Eagle River Chain of Lakes and many other boating and fishing opportunities, national forest lands are just down the road for the outdoor enthusiast to enjoy. It is only 9 minutes to Eagle River.

The manager has listed the unit size as 2630 square feet.
Unit Size
2,630 Ft²
Days on Market
-
Land Size
2.58 acres
Price per sqft
$121
Property Type
Multifamily
Property Taxes
$203
HOA Dues
-
Year Built
-

Payment Calculator

Cap Rate Calculator

Price History

Date / Event Date Event Price
Mar 17, 2023 No longer available -
No longer available
Dec 7, 2022 Listed $319,000
Listed
Oct 2, 2017 Sold
Sold
Jul 3, 2008 Sold
Sold

Property Highlights

Garage

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
Want to find out who owns 3160 Nine Mile Road, Eagle River, WI 54521? Get detailed property transactions here.

About Vilas


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals