• 715-571-3510

Learn more about this property

    707 N 2ND AVENUE Edgar WI 54426
    $ 1,100,000.00

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    Description

    Heidi Apartments is a sixteen unit low income elderly housing (Section 8) complex that has been owned and operated locally for the last 40+ years. The building was built in partnership with Farmers Home Administration (FHA) who supplied the financing, and the U.S. Department of Housing and Urban Development (HUD) in conjunction with the Wisconsin Housing and Economic Development Authority (WHEDA) which provides regulatory oversight. It has been in continuous operation since January 1980 when the first tenants moved in, and over that time there have been over 100 tenants that have resided in Heidi Apartments. Heidi Apartments is a two story building with 6, one bedroom apartments and 2, two bedroom apartments on each floor. Each apartment has a single bathroom (bathtub/shower, toilet and sink), living room (with window air conditioner) and kitchen, (refrigerator, electric stove/oven, kitchen sink and cabinets). All rooms are carpeted except for the kitchen and bathroom which have linoleum flooring. In addition, each floor has a common laundry with a coin-operated washer & dryer, utility sink, and meeting space for residents to gather. The building is situated with an entrance, parking lot and mailboxes on both ends. No resident need navigate stairs to access their apartment. Each unit has a designated parking space in an open (uncovered) lot. The grounds sport a spacious lawn equipped with an in-ground sprinkler system. The building is located approximately ten blocks from gas, groceries and banking and a twenty minute drive from Wausau, Wisconsin.

    Rooms&Units Description

    • Number of Units: 16

    Location Details

    • Municipality: Edgar, Village of
    • County: Marathon County
    • Directions: WI-29 to Cty Rd H
    • Area Desc: Wausau
    • LOCATION: Residential Area
    • ZONING: Commercial

    Property Details

    • CONSTRUCTION: Brick/Stone
    • # of Stories: 2
    • # of Buildings: 1
    • Building Sq Ft: 20001+
    • Land Sq Ft: 20001-50000
    • Number of Acres: 0.93
    • Sale/Rent: For Sale
    • Annual Rent: 174,864
    • Age: 44
    • POSSIBLE USE: Apartment building
    • Present Use: Other

    Property Features

    • ROOF: Shingle
    • HEAT TYPE: Forced Air
    • FUEL TYPE: Natural Gas
    • COOLING: Wall
    • Parking: Common
    • WATER/WASTE: Municipal Sewer,Municipal Water
    • Waterfront: No

    Fees&Taxes

    • Tax Amount: $ 7.00
    • Tax Year: 2022

    Miscellaneous

    • Virtual Tour: https://youtu.be/gdUw_gZgefs
    • BARRIER-FREE: Accessibility Features,Full Wheelchair Access,Handicap Equipped
    • SALE INCLUDES: Lease(s)

    Courtesy of

    • Office Name: eXp Realty, LLC
    • Contact: jacob.mizgalski@exprealty.com
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