Duplex Fixer Upper With Rental Potential In Northwest WI

Description

A duplex fixer-upper in the country with great cash flow potential! Situated on a nice country lot, this home was once part of a larger farm. Currently being rented as a duplex with a cash flow of $600/ month coming from the upper unit. The upper unit has 2 bedrooms, a full kitchen, and a full bath. Rent the lower unit and you can turn that into $1200/month or more. The home has some recent updates such as a brand new on-demand water heater system that runs off of propane and brings hot water radiant heat to both units. As you might expect from older homes such as this, there are some hidden gems! I noticed beautiful hardwood floors, ten-inch baseboards and architectural features under the eaves. A two-car garage, a small shed and even a chicken coop with a basement round out this farm home. If you are looking for a project that needs only light rebab or perhaps a duplex to add to your portfolio, then give listing agent Neil A. Hauger a call to schedule a showing. 

Property Details

  • Taxes $1,623.28
  • Upper unit has rental history at $600/month
  • Lower unit could also be rented for $600 or more
  • The units are not metered separately
  • Home needs some cosmetic maintenance and comes with most appliances in the upper and lower unit
  • Owner has started the rehab so only some cosmetic repairs remain
  • The heating system was recently updated with an on-demand water heating system
  • The property is being sold as is

N13385 County F, lot#WP001
Ridgeland, Wisconsin 54763