OPPORTUNITY meets OPTIONS while you make this property everything you dream it could be! Two apartments are rented with month to month leases and two are vacant. One of the vacant apartments is under construction with nice tall ceilings. Updated Vinyl Windows throughout, basement has newer plumbing, newer electrical panel, coin-op washer and dryer and 4 older well maintained boilers. Low rental price history with opportunity to increase. A great choice whether you are considering an owner occupy in the beautiful lakeside city of Algoma, A Move UP in life with your first investment property or to simply add this to your portfolio! Tenant pays their own electric/heat. Landlord pays water. 24 hour notice for showings
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Algoma is located in Wisconsin. Algoma, Wisconsin has a population of 3,221. Algoma is less family-centric than the surrounding county with 28.64% of the households containing married families with children. The county average for households married with children is 29.63%.
The median household income in Algoma, Wisconsin is $67,318. The median household income for the surrounding county is $72,328 compared to the national median of $69,021. The median age of people living in Algoma is 45.8 years.
The average high temperature in July is 77.1 degrees, with an average low temperature in January of 10.7 degrees. The average rainfall is approximately 31.1 inches per year, with 47.9 inches of snow per year.