• 715-571-3510

Learn more about this property

    548 N LAKE AVENUE Phillips WI 54555
    $ 279,900.00

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    Description

    Floors 1 & 2 have a long-term tenant, floor 3 has a long-term tenant. Month-to-month leases/vacate clause. Buyer to verify all measurements and data. Investment opportunity near downtown overlooking the Phillips Chain of Lakes! This spacious 4 BR, 5 BA original lumber baron’s mansion on .892 acres offers a setup for a multiple-unit rental, B&B, event rental, & more! Extensive restorative renovation was performed, keeping original features intact including maple floors, trim & staircase; servant’s staircase; lakeside turret & more. The main floor offers a grand front entrance, great room w/wood-burning fireplace & original mantel, formal dining room, functional kitchen & 1/2 bath. The 2nd level includes a library & 3 luxurious BR suites, featuring lake views & gorgeous spa suite w/air tub! The 3rd level provides a separate 1 BR, 1 BA unit w/picturesque lake views, lakeside turret, kitchen & private & interior entrance. Enjoy as your permanent or vacation residence or your next investment–multiple unit rental, event rental & more! Located on ATV & snowmobile trails & nearby Elk Lake Park, shopping & abundant recreation. Call today!!

    Rooms&Units Description

    • Restrooms: 5

    Location Details

    • Municipality: Phillips, City Of
    • County: Price County
    • Directions: On Hwy 13 in Phillips
    • Area Desc: Other

    Property Details

    • # of Stories: 3
    • # of Buildings: 1
    • Building Sq Ft: 2001-5000
    • Land Sq Ft: 20001-50000
    • Number of Acres: 0.85
    • Sale/Rent: For Sale
    • Age: 126
    • POSSIBLE USE: Hotel/Motel/B & B,Office
    • Present Use: Other

    Property Features

    • ROOF: Shingle
    • BASEMENT: Full
    • HEAT TYPE: Hot Water
    • FUEL TYPE: Natural Gas
    • Parking: Private
    • WATER/WASTE: Municipal Sewer,Municipal Water

    Fees&Taxes

    • Tax Amount: $ 3,757.00
    • Tax Year: 2023

    Courtesy of

    • Office Name: NORTHWOODS REALTY
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