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Listed by Kevin Porter • Porter Realty LLC
$ 400,000
Est. payment /mo
Active
1218 & 1222 Lake Shore Dr W Ashland, WI 54806
2 Beds
0.34 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality ASHLAND
MLS Listing ID 6124347
Bedrooms 2
Year Built 1950
Annual Tax Amount $3,653
Tax Year 2024
Lot Size 0.340 Acres
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.
Location
State WI
County Ashland
Building
Dwelling Type Duplex - Up Down,2 Story
Story 2
New Construction N
Schools
School District Ashland
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