1218 & 1222 Lake Shore Dr W, Ashland, WI 54806

$400,000

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List Price
$400,000
Status
ACTIVE
MLS#
SAAR-6124347
Style
Duplex - Up Down, 2 Story
Year Built
1950
Lot Size
14,810
Acres
0.34

Property Description

1222 & 1218 Lakeshore Drive ? Two Income-Producing Homes with Exceptional Potential Two well-performing rental properties are offered together for an unbeatable value. The eastern property (1218 Lakeshore Drive) is a freestanding 4-bedroom home with a solid basement and foundation, currently rented for $1,100/month with a consistent rental history. The western property (1222 Lakeshore Drive) has been converted into a triplex, also showing strong, steady income and long-term tenancy. Both properties are professionally managed, and detailed income statements are available upon request. Combined, these four rental units currently generate over $3,800.00 per month in income. With multiple curb cuts and a prime corner location at Beaser Avenue and Lakeshore Drive, this site also holds excellent future commercial potential. Enjoy great lake views, a proven income stream, and a property that pays for itself while offering strong appreciation potential. This is the opportunity for the intelligent investor?secure income now and position yourself for long-term growth.

Additional Information

Taxes
$3,653
Property Description
Duplex - Up Down, 2 Story
School District
Ashland

Courtesy of Porter Realty LLC

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