Directions
Hwy 53 to South Access Road to Lemler Road, straight onto Kern Ave. - Property on the right-hand side.
Listing Agency
Eau Claire Realty Llc
1635 Kern Avenue, Rice Lake, WI 54868
$1,050,000.00
MLS# 1594737
Remarks
Great investment opportunity with this 11-unit apartment complex featuring 6 two-bedroom units and 5 one-bedroom units, each including a 1-car detached garage. Tenants enjoy access to a community gathering space as they enter the building along with a common laundry area offering 2 coin-operated washers and 2 dryers, providing additional income. Conveniently located close to schools, dining, and shopping, this property is currently producing $10,095 per month, with strong rental history. Coin laundry brings in approximately $2,000 per year. NEW roof on all three buildings September 2025.
| Style | Apartment |
|---|---|
| Type | ResidentialIncome |
| Zoning | N/A |
| Year Built | 1996 |
| School Dist | Rice Lake Area |
| County | Barron |
| Lot Size | 144 x 291 x 268 x 159 |
| Acreage | 1.43 acres |
| Above Grd | 8,500 sq ft |
|---|---|
| Below Grd | — |
| Tax $ / Year | $14,342 / 2024 |
Includes
Dryer,Oven,Range,Refrigerator,Washer
Excludes
Tenants Personal
| Cooling | WallUnits,WallWindowUnits |
|---|---|
| Electric | CircuitBreakers |
| Exterior Features | VinylSiding |
| Fireplace | None |
| Heating | Baseboard |
| Other Buildings | Other,SeeRemarks |
| Patio / Deck | None |
| Sewer Service | PublicSewer |
| Water Service | Public |
| Parking Lot | Asphalt,Driveway |
| Laundry | N |
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of the NW WI MLS. Real estate listings held by brokerage firms other than Kaiser Realty are marked with the NW WI MLS icon. The information provided by the seller, listing broker, and other parties may not have been verified.
DISCLAIMER: This information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is updated every business day. Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available. Information last updated 10/5/2025.
