WI
Waupaca
Iola
54945
165 S Chet Krause Drive 185
165 S Chet Krause Drive 185, Iola, WI 54945
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Listing Type
Multi Family
Listing Status
Active
30
$995,000

Home Details for 165 S Chet Krause Drive 185

Price
$995,000
Type
Residential Income
Bedrooms
12
Bathrooms
Square feet
NaN
Year built
1965
Lot size acres
2.68
County
Waupaca
Garage
Days on site
0
MLS Listing#
22600132
Property Description

Investment Opportunity! Discover this unique 12-unit apartment complex located in the Village of Iola! Spanning an entire block, this property consists of two combined buildings with over 39,000 square feet and offers ample space with potential to add additional units or repurpose the other square footage. The complex features off-street parking for tenants, on-site laundry, and inviting common gathering areas, perfect for socializing, card nights, or game day Sundays. Unit layouts include a mix of 2-bedroom/1-bath and 1-bedroom/1-bath apartments. The property boasts a strong rental history, and all units are currently occupied. The other building has potential to be repurposed or could be other potential uses. It was formerly used as a medical facility. The construction materials would be difficult to duplicate for the price this one is being offered at. Lower level features additional storage areas and utility rooms. There is a ton of potential with all the square footage this property has to offer, plus the cash flow from the 12 units that is currently in place makes this a rare investment opportunity. Don’t miss, schedule your showing today!

Property Features
  • Heating Information
    • Hot Water
    • Steam
  • Cooling Information
    • Ceiling Fan(s)
  • Water Features
    • Public
Listing Courtesy: KPR BROKERS, LLC
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of Central Wisconsin Multiple Listing Service, Inc. The information published and disseminated by the Service is communicated verbatim, without change by the Service, as filed with the Service by the Participant. The Service does not verify such information provided and disclaims any responsibility for its accuracy. Copyright © 2026 Central Wisconsin Multiple Listing Service, Inc. All Rights Reserved.
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Market statistics compiled from data from Central Wisconsin MLS.
EXIT REALTY CW
2006 County Rd HH, Plover, WI 54467
Office
715 598 3794
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