914 S 4th Avenue South,Park Falls, WI 54552
Park Falls, WI 54552
Description
Exceptional opportunity to own a multi-building commercial investment property with outstanding flexibility and upside potential. Situated in a prominent location with access from both State Hwy 13 & 5th Avenue, Hilltop Lodging offers a diverse mix of rental opportunities on one property, making it ideal for long-term rentals, short-term lodging, workforce housing, or future redevelopment. The property includes a well-maintained triplex, with all seller-owned furnishings included, featuring 2 upper studio apartments and 1 lower-level 1 BR, 1 BA apartment. The triplex has seen numerous updates over the years and features vinyl flooring, carpet, drywall, compact kitchenettes w/full-size refrigerators, & forced air heat (new in 2024) w/central air, providing comfortable living spaces for tenants. Also included is a 4-unit building, with all four units designed as studio-style accommodations with private baths. Three units are seller-furnished and feature kitchenette areas w/mini refrigerators, microwaves, countertops, & wall-mounted TVs. Unit #4 is ready for renovation, presenting an excellent opportunity to add value. Also located on the property are 5 detached cabin buildings, all being sold as-is, offering potential for restoration, redevelopment, storage, or other future uses as envisioned by the next owner. The property also includes a 3 BR, 1 BA home that requires extensive remodeling, providing yet another opportunity for renovation & additional income potential. A garage & storage shed offer added utility, while the property's elevated setting provides ample parking and excellent visibility along busy State Hwy 13. Whether you're looking to expand your investment portfolio, operate lodging accommodations, develop workforce housing, or reimagine the property for future uses, Hilltop Lodging presents a rare opportunity in the Northwoods with multiple income-producing buildings and exceptional potential to increase value over time. Call today for more information!
Details
| MLS # | 22603390 |
|---|---|
| Listing Type | For Sale |
| Style | Business Opportunity W/re |
| Sub-Type | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 35 |
| Listing Provided By | NORTHWOODS REALTY | CALA NEU |
Features
Taxes
| Property | 5139 |
|---|
Area Information
| State | WI |
|---|---|
| County | Price County |
| City | Park Falls |
| Zip Code | 54552 |
| Area | Other |
| Subarea | Other |
| Listing VS Median (in 54552) | |
Price: $349,900 low | high Med: $362,400 On site: 35 low | high Med: 63.5 | |
Market Activity 54552
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Learn More About This Property
| State | WI |
|---|---|
| County | Price County |
| City | Park Falls |
| Zip Code | 54552 |
| Area | Other |
| Subarea | Other |
| Listing VS Median (in 54552) | |
Price: $349,900 low | high Med: $362,400 On site: 35 low | high Med: 63.5 | |
