Price reduced.
Historic Train Depot beautifully converted to a 4 unit multi-family property.
Solid, multi year tenants, with annual market rate leases and staggered expiration dates. Leases include a Sixty day cancellation clause upon acquisition. Tenants: 18 years, 7 years, and two 1 year. Previous tenants: one passed, one moved for work, both had been tenants over 5 years.
Historic vacancies have been less than 30 days (not including renovation time)
Two of the four units meticulously updated and renovated in 2023, while maintaining historic look and feel. Please see photos.
Well maintained with a deep well (onsite/owned) with great water; city sewer, and local utilities.
Spectacular 0.2 mile walk to St Croix Lake and lakeshore park. Nearby grocery, post office, bank, laundromat, and local restaurants. Priced to sell. A must see for income investors.