Home › , Grantsburg, WI 54840 (MLS# 7123125)

, Grantsburg, WI 54840 (MLS# 7123125)

$650,000
Grantsburg, WI 54840
MLS# 7123125

Grantsburg, WI 54840
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Grantsburg, WI 54840 Grantsburg, WI 54840 Grantsburg, WI 54840 Grantsburg, WI 54840 Grantsburg, WI 54840 Grantsburg, WI 54840 Grantsburg, WI 54840 Grantsburg, WI 54840 Grantsburg, WI 54840 Grantsburg, WI 54840 Grantsburg, WI 54840 Grantsburg, WI 54840 Grantsburg, WI 54840 Grantsburg, WI 54840 Grantsburg, WI 54840 Grantsburg, WI 54840 Grantsburg, WI 54840 Grantsburg, WI 54840 Grantsburg, WI 54840 Grantsburg, WI 54840 Grantsburg, WI 54840 Grantsburg, WI 54840 Grantsburg, WI 54840 Grantsburg, WI 54840 Grantsburg, WI 54840 Grantsburg, WI 54840 Grantsburg, WI 54840 Grantsburg, WI 54840

Property Description
Investors—this one is ready to go! This cash-flowing 8-unit apartment building has had over $125,000 in recent improvements, including four completely renovated units and increased rents. With strong rental income, a solid tenant base, and major updates already completed, this is a great opportunity to step into a well-performing property without taking on a big renovation project. There’s also potential for additional income through storage and other opportunities. Whether you're looking to add to your portfolio or jump into a solid investment property, this one is worth a look. Don’t miss out!

Details
Contract Information
Status: Active
Current Price: 650000
Contingency: None
ListPrice: 650000
List Date: 2026-08-08
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: Yes
Other Parking Spaces: 12
Owner Occupied: No
Waterfront YN: No
Year Built: 1962
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 5539
For Sale or Lease: For Sale
Acres: 8.6
Lot Dimensions: 187x200
Assessment Pending: No
Location Tax and Other Information
Postal City: Grantsburg
County: Burnett
State: WI
Zip Code: 54840
Additional Parcels Information
Property ID #2: 131260067900
Assessments
Tax With Assessments: 5378
Building Information
Building Finished SqFt: 5539
Income and Expenses
Annual Fuel Expense: 3600
Annual Gross Expenses: 18898
Annual Gross Income: 78900
Annual Insurance Expense: 2700
Annual Net Income: 60000
Annual Water/Sewer Expense: 3400
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 19W
Section#: 15
Township#: 38
Sale Options
Sale Includes: Building
Unit 1
No. of 1 Bedroom Units: 7
Unit 2
No. of 2 Bedroom Units: 1
Unit Details
Total Units: 8
Property Features
Accessible: None
Air Conditioning: None
Appliances: Range; Refrigerator
Basement: Concrete Block
CMU Style: Apartments/Multi Family
Construction Materials: Block
Construction Status: Previously Owned
Current Use: Residential
Exterior: Vinyl
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Boiler
Lot Description: Corner Lot
On Site Utilities: Electric Separate; Hot Water Common
Owner Pays: Lawn; Lawn; Snow Removal
Parking Characteristics: Paved Lot
Rent Rate per Foot: Gross
Rental License Type: Standard
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Sewer: City Sewer/Connected
Tenant Pays: Electricity
Water: City Water/Connected

Listing Office: RE/MAX Synergy

Last Updated: August - 15 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Sunday 16th of August 2026 10:50 AM

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