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David Eliason

david@eliasonrealty.com +1(715) 493-9141

$ 950,000

Est. payment -/mo

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2560 MILLERVILLE RD #Units 1- 6 Phelps, WI 54554

6 Beds

4 Baths

2,330 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Square Footage 2,330 sqft

Price per Sqft $407

MLS Listing ID 218865

Bedrooms 6

Full Baths 4

HOA Y/N No

Annual Tax Amount $2,006

Tax Year 2025

Lot Size 0.750 Acres

Acres 0.75

Lot Dimensions 109x

Property Sub-Type Hotel/Motel

Body of Water NORTH TWIN

Property Description

Outstanding Northwoods investment opportunity on premier North Twin Lake! This unique offering includes three fully furnished waterfront condominium homes being sold together as one package. Located on 2,788-acre North Twin Lake in Phelps, this established vacation rental property offers proven rental history, outstanding income potential, & endless possibilities for future growth. The three residences feature a combined 6 BR & 4 BA, each with its own tax parcel while remaining part of a single condominium declaration. Continue operating as a successful short-term rental investment, create a corporate retreat, or enjoy as a private family compound while generating rental income. Guests & owners alike will appreciate the super-level frontage, excellent fishing, boating, swimming, & year-round recreation. Conveniently located just steps from the public boat landing, the popular Great Escape Bar & Restaurant, & only minutes from downtown Phelps. Sold turnkey with furnishings included, this investment is ready to generate income from day one. Recent improvements include a new furnace, water heater, front door, washer & dryer in the Eagle Nest unit, upgraded East/West & Eagle Nest decks, 5,000-lb. power boat lift with solar charger, two additional dock sections, upgraded electrical improvements, new Eagle Nest ceiling, & central air ductwork for future expansion. A rare opportunity to own an established Northwoods waterfront vacation rental portfolio on one of Wisconsin's premier lakes!

Location

State WI

County Vilas

Community Trails/Paths

Direction Hwy 70 east and turn left onto Hwy 45 north. Turn left onto Hwy 17 north and at Millerville Road turn left to 2560,2554 and 2556 Millerville Rd. Sign on property.

Body of Water NORTH TWIN

Interior

Heating Forced Air, Natural Gas, Space Heater

Cooling Central Air

Inclusions Real Estate Only, Furniture, Other

Fireplace No

Exterior

Parking Features Garage, Paved

Community Features Trails/Paths

Utilities Available Electricity Available, Natural Gas Available, High Speed Internet Connected, Phone Available, Underground Utilities

Waterfront Description Shoreline - Sand,Lake Front

View Y/N Yes

Water Access Desc Public

View Water

Roof Type Composition,Shingle

Street Surface Paved

Road Frontage Town Road

Garage Yes

Building

Lot Description Dead End, Lake Front, Level, Views, Wooded

Sewer Public Sewer

Water Public

Others

Tax ID 18-369-31

Ownership None

Listed by RE/MAX PROPERTY PROS

NEARBY SCHOOLS & PROPERTIES

David Eliason

Broker Associate

+1(715) 493-9141

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