Duplex - 2196 18 1/2 Ave #1-2, Rice Lake, WI

Prime investment opportunity! This well-maintained duplex is completely rental-ready, with one unit recently updated while both offer lake views and direct access to Lake Montanis boat landing. This property offers unmatched convenience and recreational appeal, attracting high-demand tenants. Each unit includes a private 2-car garage. Newer roof and siding! Possible option for a assumable loan for a good portion of the purchase at first lien position, at an interest rate lower than market, for qualified buyer. Units are mirror layouts of each other. Don’t miss your opportunity to grow or start your real estate investments with this Rental-ready duplex. Both units currently rented. Left unit vacant on 08/01/2025.

Left Unit rented at $1,700/month. Right Unit Rented at $2,000/month. Both Units currently Month to month. Minimum of 24 hours notice required before showings. Electric boiler operates the lower level in-floor heat. Electric baseboard through main level. Agent and buyer to verify measurements and data. Please allow 48+ hours for binding acceptance. Each unit is separately metered for electric. Well pump is separately metered for water cost (Landlord expense). Laundry room in unfinished. Flooring noted in the room section will vary per unit. Listed as Residential at MLS #1592668 and as Multi-Family at MLS #1592624.

Multi-Family Listing Link - Click HERE

Residential Listing Link - Click HERE

Directions: From Main Street (Hwy SS) in Rice Lake, WI:  Turn Right (East) Onto E. Orchard Beach Lane & straight (2nd right) through the round about. After a short drive, turn right onto 21 1/2 Street. This turns into 18 1/2 Ave. Property will be on the right.

Legal: GL 1-5 THAT PRT OF GL 1 SHOWN AS PCL 1 CSM 3/70 #259 DOC 358583 AKA LOT 1 OF UNRECORDED PLAT OF ANDERSON SHORES (LC VENDOR DAHL LIVING TRUST DOC 895962)