Amery, WI 54001

$2,370,000

Property Type: Commercial Lot Size (sq. ft.): 154,638 Status: Closed

Current Price: $2,370,000 List Date: 5/16/2025 Last Modified: 8/19/2026

Overview

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 transitio ... (Read more)

Listing Details MLS# 6722732

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
Foundation Size: 16026
Garage Stalls: 12
Lake/Waterfront Name: Apple River
For Sale or Lease: For Sale
Acres: 3.55
Lot Dimensions: 3.55
Assessment Pending: No

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 Waterfront Type: River Front

Contract Information

Off Market Date: 2025-06-06
Closed Date: 2025-08-18
Sales Close Price: 2370000
Contingency: None
ListPrice: 2500000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

Postal City: Amery
County: Polk
State: WI
Zip Code: 54001
Complex/Dev/Subdivision: River Place

Assessments

Tax With Assessments: 21551

Building Information

Building Finished SqFt: 16026
Ceiling Height: 8-10

More Information

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

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 16W
Section#: 04
Township#: 32N

Sale Options

Sale Includes: Building, Business, Land, Leases, Rental License

Unit 1

Unit Number: Yes

Unit 2

No. of 2 Bedroom Units: 18

Unit 3

No. of 3 Bedroom Units: 2

Unit Details

Total Units: 20

Listing Office: Apartment Cash Flow, Inc.

Last Updated: August - 19 - 2026

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. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

, Amery, WI 54001 (MLS# 6722732)