$2,370,000
MLS# 6722732
Status: Closed
1 / 71
Property Description
The Apple River Estates is a very attractive well maintained 20-unit in the Heart of Amery Wisconsin. Constructed in 1991, these slab-on-grade apartments feature large eat-in kitchens, lots of windows, and tenant owned in-unit washers and dryers. Plenty of off-street parking plus 12 detached garages separately rented for extra income. Kitchens include well built upper and lower cabinets, stainless steel double sinks, and spacious eat-in dining areas. Residents enjoy private outdoor patios with views of the scenic Apple River to the east. Every apartment features their own secured entrance, lots of closet space, and wall air conditioning. The buildings sit on a total of 3.55 picturesque acres! Location is close to the historic downtown area of Amery, WI with many boutique shops, grocery stores, and fine dining. These units always stay rented with a waiting list! Professionally managed by LSI Property Mangement with the option to retain them as management to make a smooth transition!! Owner is an agent not representing himself in the sale.
Details
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Closed
Off Market Date: 2025-06-06
Current Price: $2,370,000
Closed Date: 2025-08-18
Sales Close Price: 2370000
Contingency: None
ListPrice: 2500000
List Date: 2025-05-16
Office/Member Info
Association: SPAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 20
Owner Occupied: No
Waterfront YN: Yes
Year Built: 1991
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Lot Dimensions: 3.55
Acres: 3.55
Lake/Waterfront Name: Apple River
Foundation Size: 16026
Garage Stalls: 12
For Sale or Lease: For Sale
Location, Tax and Other Information
Legal Description: PT LOT 5 & LOTS 6, 7 & 8 PLAT OF RIVERPLACE
Listing City: Amery
Map Page: 999
Municipality: Amery
School District: Amery
School District Phone: 715-268-0272
DNR Lake Classification: Not Applicable
Zip Plus 4: 3732
Property ID Number: 201005800000
Tax Year: 2025
Tax Amount: 21551
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: The Apple River Estates is a very attractive well maintained 20-unit in the Heart of Amery Wisconsin. Constructed in 1991, these slab-on-grade apartments feature large eat-in kitchens, lots of windows, and tenant owned in-unit washers and dryers. Plenty of off-street parking plus 12 detached garages separately rented for extra income. Kitchens include well built upper and lower cabinets, stainless steel double sinks, and spacious eat-in dining areas. Residents enjoy private outdoor patios with views of the scenic Apple River to the east. Every apartment features their own secured entrance, lots of closet space, and wall air conditioning. The buildings sit on a total of 3.55 picturesque acres! Location is close to the historic downtown area of Amery, WI with many boutique shops, grocery stores, and fine dining. These units always stay rented with a waiting list! Professionally managed by LSI Property Mangement with the option to retain them as management to make a smooth transition!! Owner is an agent not representing himself in the sale.
Directions: Property is just east of Main Street along the Apple River
Accessible
Fully Wheelchair: 1
Air Conditioning
Wall Unit(s): 1
Amenities Unit
Patio: 1
Washer/Dryer Hookup: 1
Appliances
Range: 1
Refrigerator: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 21551
Assumable Loan
Not Assumable: 1
Basement
None: 1
Building Information
Building Finished SqFt: 16026
Ceiling Height: 8-10
Construction Status
Previously Owned: 1
Exterior
Brick/Stone: 1
Wood: 1
Fencing
None: 1
Financing Terms
Conventional: 1
Flooring
Carpet: 1
Vinyl/Linoleum: 1
Foundation
Slab: 1
Fuel
Electric: 1
Heating
Baseboard: 1
Lease Details
Land Leased: Not Applicable
Lot Description
Accessible Shoreline: 1
Tree Coverage - Medium: 1
Miscellaneous Information
Homestead: No
Owner Pays
Maintenance/Repair: 1
Sewer: 1
Taxes: 1
Trash Collection: 1
Water: 1
Ownership
Fractional Ownership: No
Parking Characteristics
Parking Lot: 1
Patio, Porch and Deck Features
Patio: 1
Public Survey Info
Range#: 16W
Section#: 04
Township#: 32N
Rental License Type
Standard: 1
Road Frontage
City Street: 1
Road Responsibility
Public Maintained Road: 1
Roof
Age Over 8 Years: 1
Asphalt Shingles: 1
Pitched: 1
Sale Options
Sale Includes: Building, Business, Land, Leases, Rental License
Sewer
City Sewer - In Street: 1
Stories
One: 1
Topography
Level: 1
Unit 1
Unit Number: 1
Unit Details
Total Units: 20
Wall Description
Drywall: 1
Water
City Water/Connected: 1
Income and Expenses
Annual Electric Expense: 1905
Annual Fuel Expense: 1905
Annual Gross Expenses: 106670
Annual Gross Income: 256167
Annual Insurance Expense: 13000
Annual Maintenance Expense: 18000
Annual Net Income: 106670
Annual Repair Expense: 18000
Annual Trash Expense: 4802
Annual Water/Sewer Expense: 12006
Total Annual Expenses: 106670
No. of Ranges
One Per Unit: 1
No. of Refrigerators
One Per Unit: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Unit 2
No. of 2 Bedroom Units: 18
Unit 3
No. of 3 Bedroom Units: 2
On Site Utilities
Electric Separate: 1
Heating Separate: 1
Hot Water Common: 1
CMU Style
Apartments/Multi Family: 1
Current Use
Residential: 1
Loan Terms
Cash: 1
Conventional: 1
Potential Use
Income: 1
Motel/Hotel: 1
Rent Rate per Foot
Per Month: 1
Location Tax and Other Information
Postal City: Amery
County: Polk
State: WI
Zip Code: 54001
Complex/Dev/Subdivision: River Place
Property Features
Accessible: Fully Wheelchair
Air Conditioning: Wall Unit(s)
Amenities Unit: Patio; Washer/Dryer Hookup
Appliances: Range; Refrigerator
Assumable Loan: Not Assumable
Basement: None
CMU Style: Apartments/Multi Family
Construction Status: Previously Owned
Current Use: Residential
Exterior: Brick/Stone; Wood
Fencing: None
Financing Terms: Conventional
Flooring: Carpet; Vinyl/Linoleum
Foundation: Slab
Fuel: Electric
Heating: Baseboard
Loan Terms: Cash; Conventional
Lot Description: Accessible Shoreline; Tree Coverage - Medium
On Site Utilities: Electric Separate; Heating Separate; Hot Water Common
Owner Pays: Maintenance/Repair; Sewer; Taxes; Trash Collection; Water
Parking Characteristics: Parking Lot
Potential Use: Income; Motel/Hotel
Rent Rate per Foot: Per Month
Rental License Type: Standard
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Roof: Age Over 8 Years; Asphalt Shingles; Pitched
Sewer: City Sewer - In Street
Stories: One
Tenant Pays: Cable TV; Electricity
Topography: Level
Wall Description: Drywall
Water: City Water/Connected
Listing Office: Apartment Cash Flow, Inc.
Last Updated: August - 18 - 2025
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.