$339,000
8 BR | 4 BA
Sitting on 2.58 acres!

NINE MILE RD. FOURPLEX – This property is a one-of-a-kind property. This compound could be used as a family retreat, rentals, or lucrative business venture. Sitting on 2.58 acres in a beautiful, wooded country setting is a 2BR home; a 1BR, updated year-round cabin; a duplex with upper and lower units; and a 48′ x 62′ garage/workshop/storage building with heat and water, and with exterior stalls for more storage. All four buildings are in good condition and the home has a new metal roof. Just a short drive to the city of Eagle River and all the amenities and events that it offers. Close to the Eagle River Chain of Lakes and many other boating and fishing opportunities, and national forest lands are just down the road for the outdoor enthusiast to enjoy. The rental income is about 31K/yr and nets 20K/year with a 7.50 cap rate. Occupancy is about 95%!

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