Income-producing multifamily/commercial investment opportunity in Two Rivers! Located on a corner lot along the West Twin River, this property offers excellent visibility, river views, and strong potential for investors or owner-occupants. Features include 1800 sqft of commercial/retail space & office area. Ample parking and two upper apartments: a 2BR/1BA and 1BR/1BA, both with in-unit laundry. Commercial space rents for $1,000/month with a 1-year lease. Residential units include Unit A (2BR) at $650/month and Unit B (1BR) at $785/month. Updates include electrical, plumbing, gas lines, and 1BR renovations. Offering an 8% cap rate with strong cash flow potential. Close to shopping, restaurants, marinas, parks, and Lake Michigan beaches.
This is the duplex you have been looking for! Lots of updates and in an amazing locale! New roof, balcony handrails, and front stairs all in June of 2025. Newer flooring thought, furnace, windows, and appliances. Bedrooms are spacious and bright, kitchens and livings also a generous size. Laundry located on sight in basement. Located just blocks from downtown, walking trails, shops, and of course Lake Michigan beaches! Fantastic investment opportunity!
Well-maintained duplex or convert to single offers rental potential and value-add opportunity. Upper unit features 3 bedrooms and 1 bathroom with elec heat. Lower unitoffers 2 bedrooms and 1 bathroom. Cosmetic rehab completed approx. 2 years ago including updated LVP floor, paint, newer vanities, fixtures, and sinks in both units, plumbing updates.Property features slate composite siding, maintenance-free white rock front yard, large covered porch detached garage with vinyl siding. Furnace is less than 10 years old and roof isapprox 15 years old. Basement includes laundry area, full bathroom, separate entrance. Add'l rooms with potential to finish for added living space or possible future rental growth. Bothunits feature non-standard shorter bathtubs. Investor or owner occupant.
Well-maintained duplex or convert to single offers rental potential and value-add opportunity. Upper unit features 3 bedrooms and 1 bathroom with elec heat. Lower unit offers 2 bedrooms and 1 bathroom. Cosmetic rehab completed approx. 2 years ago including updated LVP floor, paint, newer vanities, fixtures, and sinks in both units, plumbing updates. Property features slate composite siding, maintenance-free white rock front yard, large covered porch detached garage with vinyl siding. Furnace is less than 10 years old and roof is approx 15 years old. Basement includes laundry area, full bathroom, separate entrance. Add'l rooms with potential to finish for added living space or possible future rental growth. Both units feature non-standard shorter bathtubs. Investor or owner occupant.
Don't miss this incredible opportunity to own a versatile and spacious home with endless potential! With interior access to the upper level, this property is ideal as a 5-bedroom, 2-bath single-family home or easily converted into an owner-occupied duplex for added income. The main level features 2 bedrooms and a full bath, while the upper level offers 3 bedrooms and another full bath--perfect for flexible living arrangements. Step inside to appreciate the charm of original woodwork, beautiful hardwood floors, and generously sized living spaces throughout. A 2-car garage provides ample room for storage, hobbies, or a workshop. Enjoy peace of mind with updated electrical throughout and a newer furnace installed in 2025. This home combines convenience with lifestyle appeal. Also MLS1962653
1520 Sq Ft Multi Family property. Aluminum siding, some work is completed on the inside of the property. Access to the upstairs is separate from the main floor apartment. Both units have basement access. 2 electrical meter options, 2 water meter options, 2 gas meter options. Great Owner occupied or investment property. Bring your tools and lets finish this GEM.
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Two Rivers is located in Wisconsin. Two Rivers, Wisconsin has a population of 11,276. Two Rivers is less family-centric than the surrounding county with 24.73% of the households containing married families with children. The county average for households married with children is 26.54%.
The median household income in Two Rivers, Wisconsin is $54,544. The median household income for the surrounding county is $61,454 compared to the national median of $69,021. The median age of people living in Two Rivers is 45.7 years.
The average high temperature in July is 75.8 degrees, with an average low temperature in January of 12.6 degrees. The average rainfall is approximately 30.7 inches per year, with 43.3 inches of snow per year.