(877) 221-6937
Southgate Apartments
1160 3Rd Ave S, Park Falls City, WI 54552
$1,399,000
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Northwoods MLS Listing Number: 212382

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This exceptional investment opportunity awaits with this well-maintained 23-unit apartment complex, featuring two residential buildings and two 12-stall garages on 1.37 acres. The unit mix includes sixteen (16) two-bedroom 1-bath units, six (6) one-bedroom 1-bath units, and one (1) spacious four-bedroom unit—offering variety and flexibility for tenants. Each unit enjoys back patio areas, while the garages provide parking or storage. Tenants contribute to utility costs, helping reduce operational expenses for the owner. Ideally located within walking distance of local shops and essential services—and just minutes from downtown—this property delivers both small-town charm and consistent rental income. Whether you're expanding your portfolio or entering the multifamily market, this income-producing asset in a growing community is one you won't want to miss. Call today for more information!!

General Information

  • Business Name: Southgate Apartments
  • Business Type: Investment, Multi Family
  • Lake/River: None
  • Lot Size Sq Ft: 59721
  • Address: 1160 3Rd Ave S
  • Township: Park Falls City
  • County: Price County
  • Zip Code: 54552

Interior Features

  • Total Building Sq Ft: 16000
  • Total Basement Sq Ft: 0
  • Bedrooms: 42
  • Bathrooms: 24
  • Flooring: Vinyl, Carpeting
  • Features: 
  • Number of Stories: 2
  • 1st Floor Sq Ft: 8000
  • 2nd Floor Sq Ft: 8000
  • 3rd Floor Sq Ft: 

Exterior & Lot Features

  • Lot Size Sq Ft: 59721
  • Lot Features: Driveway
  • Parking Type: Garage
  • Parking Spaces: 
  • Number of Units: 23
  • Lake/River: None
  • Lake Chain: 
  • Lake Acres: 
  • Shoreline: 
  • Water Frontage Ft: 

Community & Neighborhood

  • Township/County: Park Falls City, Price County
  • Complex/Subdivision: 
  • Access Road: City Street
  • Road Frontage Ft: 200

Utilities

  • Utilities/Services: Circuit Breakers
  • Fuel: Electric, Wood
  • Water: City/Municipal
  • Sewer: City Sewer

Construction

  • Year Built: 1980
  • Construction: Frame/Stick
  • Exterior Finish: Vinyl
  • Roofing: Composition Shingles

Other

  • Zoning: 
  • Taxes: 20159

Listing information provided by The Greater Northwoods MLS.
Listed by: NORTHWOODS REALTY

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RAD | RADenton Realty - Listing Details
RAD | RADenton Realty
104 South Lake Avenue, Crandon, WI 54520
Toll Free: 1-877-221-6937 | Office: 715-478-3744