Are you looking to expand your rental portfolio, invest in a multi-unit property, or purchase a home that can help pay for itself? This unique opportunity features two homes situated on nearly 2 acres right in the City of Rice Lake. The main home offers 4 bedrooms and 1 bathroom, an easy-flowing main level layout, and the convenience of both main-level laundry and main-level bath as well as an attached garage. Each bedroom is generously sized, making the home comfortable for families or future tenants. The second residence is a charming 1-bedroom, 1-bathroom home with an open-concept design and its own 1-car detached garage, perfect for rental income, guests, or multi-generational living. Outdoors, enjoy the rare amount of yard space this in-town property provides, ideal for gardening, recreation, or future expansion. Plus, you will appreciate all the perks of city living, including city water and sewer, and easy access to groceries, healthcare, schools, and shopping. Whether you are an investor or owner-occupant, this property offers flexibility, income potential, and space that is hard to find within the city limits.
Updated tri-plex with strong cash flow! Features new roof, electrical, windows, plumbing, interior remodeling throughout, fenced back yard, private entrances, plus a 3-car detached garage. Each unit includes hardwood floors, full basement access, onsite laundry, and all appliances. Character details like a clawfoot tub and walk-in shower add charm. Excellent location?just one block from Rice Lake, Knights Island, downtown, and Veterans Memorial Park. Airbnb transferrable contracts included if desired starting for June bookings.
Opportunity is knocking at your door! For the first time ever, this property is being made available for you to make your own. Located on Bear Lake, this property was once an old resort. Property has five cabins with a bath house and pump house. Located on 1.8 acres with 280 feet of low sandy frontage. The possibilities are endless, you could condo out the units that are there or go together as a family and set yourself up a family campsite. Cabins 2 through 5 and pump house have received new siding, roofs, windows and doors (2023). Boat landing right next door. Tremendous views of the lake, this one is worth the look!
Great opportunity to own a 6,968 SF building on Main Street in the Central Business District of Rice Lake. Move your business into the lower level and rent out the upper two apartments and detached warehouse for added income. One upper apartment is an efficiency unit with large kitchen, full bath and large outside deck. The second upper apartment is a one bedroom unit with kitchen full bath and livingroom. Great law, insurance or real estate office location. Over approximately $5,000 monthly revenue possible.
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Rice Lake is located in Wisconsin. Rice Lake, Wisconsin has a population of 8,851. Rice Lake is less family-centric than the surrounding county with 23.05% of the households containing married families with children. The county average for households married with children is 25.25%.
The median household income in Rice Lake, Wisconsin is $41,505. The median household income for the surrounding county is $55,256 compared to the national median of $69,021. The median age of people living in Rice Lake is 37 years.
The average high temperature in July is 79.8 degrees, with an average low temperature in January of 1.4 degrees. The average rainfall is approximately 32.4 inches per year, with 53.5 inches of snow per year.