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506 Forest Home Dr 14 Unit Apartment Building $330,000 ($23,571/Unit) Francis Creek, WI 54214
Investment Highlights
- Significant Income Potential.
- Some major updates completed along with cosmetic.
- 5 Apartment Units & 6 individual rental units.
Executive Summary
Exceptional investment opportunity featuring a landmark former supper club and bowling alley with significant income potential. The property currently generates approximately $6,500 per month in rental income, (full occupancy exceeds $8,000 per month). The residential component includes 5 apartment units with private baths plus 6 individual rental rooms sharing a common bath, offering flexible rental options. The former restaurant includes a spacious bar, commercial kitchen equipment, furnishings, and dinnerware. Plumbing, HVAC, and Electrical updates have been completed, while continued cosmetic improvements provide an opportunity to add value. Room sizes are approximate and should be verified by buyer.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $330,000 | Building Class | C |
| Price Per Unit | $23,571 | Lot Size | 1.34 AC |
| Sale Type | Investment | Building Size | 15,360 SF |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 2.08/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | Commercial - general commercial and industrial | ||
| Price | $330,000 |
| Price Per Unit | $23,571 |
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.34 AC |
| Building Size | 15,360 SF |
| No. Stories | 2 |
| Year Built | 1900 |
| Parking Ratio | 2.08/1,000 SF |
| Zoning | Commercial - general commercial and industrial |
Amenities
Unit Amenities
- Refrigerator
- Oven
- Range
- Basement
Site Amenities
- Walking/Biking Trails
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 14 | - | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 032-014-011-014.00 | Total Assessment | $291,600 |
| Land Assessment | $45,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $246,600 | Tax Year | 2025 |
Property Taxes
Parcel Number
032-014-011-014.00
Land Assessment
$45,000
Improvements Assessment
$246,600
Total Assessment
$291,600
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Contact the Sale Advisor
506 Forest Home Dr