• 715-571-3510

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

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    • MLS #: 22233893
    • Date added: 08/29/23
    • Post Updated: 2023-09-09 09:38:13
    • Type:
    • Status:
    • Lot Size: 40,510
    • Year built: 1979

    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
    • ZONING: Commercial

    Property Details

    • Below Grade Fin Sq Ft: 6637
    • Above Grade Fin Sq Ft: 6637
    • CONSTRUCTION: Brick,Wood
    • Acreage: 0.93
    • Sale/Rent: For Sale
    • Annual Rent: 174,864
    • Age: 44
    • Present Use: HUD Section 8 Housing

    Property Features

    • APPLIANCES: Refrigerator,Range
    • Style: 2 Story
    • ROOF: Shingle
    • Basement: Yes
    • HEAT TYPE: Forced Air
    • FUEL TYPE: Natural Gas
    • GAS: Separate Meter
    • ELECTRICITY: Separate Meter
    • Parking: 1 Space
    • Garage Capacity: None
    • WATER: Separate Meter
    • WATER HEATER: Natural Gas
    • Waterfront: No
    • UTILITY/LAUNDRY: Coin-Op Dryer,Coin-Op Washer,Common Laundry Area
    • Sewer/Water: Pb Sewer/Pb Water

    Features

    Amenities:
    • Exercise Room
    • Fire Alarm
    • Handicap Access
    • Smoke Detectors

    Fees&Taxes

    • Tax Amount: $ 7.00
    • Tax Year: 2022

    Miscellaneous

    Courtesy of

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