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Key Details
Sold Price $950,000
Property Type Commercial
Sub Type Real Estate For Sale
Listing Status Sold
Purchase Type For Sale
Square Footage 13,274 sqft
Price per Sqft $71
MLS Listing ID 22233851
Sold Date 02/29/24
Year Built 1979
Tax Year 2022
Lot Size 0.930 Acres
Acres 0.93
Property Sub-Type Real Estate For Sale
Property 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.
Location
State WI
County Marathon County
Area Wausau
Zoning Commercial
Interior
Heating Forced Air
Cooling Wall
Exterior
Roof Type Shingle
Building
Lot Description 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.
Story 2
Sewer Municipal Sewer, Municipal Water
Water Municipal Sewer, Municipal Water
Level or Stories 2
Others
Tax ID 121-2805-072-9985
Energy Description Natural Gas
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Bought with ASSIST-2-SELL SUPERIOR SERVICE REALTY