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Multi-Family Property

Contact:
kevinporter001@gmail.com

Multi-Family
MLS# 6124347
For Sale: $400000
Status: 8

1218 & 1222 Lake Shore Dr W
Ashland, WI 54806
(map)
Total Bedrooms: 2
Total Bathrooms: 1
Total Fin Square Footage: 4200
Approx Number of Acres: 0.34
Waterfront: No
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 Photos
Features
Map
Cumulative DOM:192
Price Per SQFT:95.24
School District:Ashland (WI) #170
Year Built:1950
Construction Status:Previously Owned
Stories:2 Story
Approx Lot Dimension:100X150
Leased Land:Owned
Parcel Number:201-00056-0000;201-00055-0000
Tax Year:2024
Tax Amount:3653.4
Assessments:No
Foreclosure:No
Foundation Dimensions:900

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