Mary Duff
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305 W Prospect Street, Thorp, WI 54771

$1,300,000
  • 305 W Prospect Street, Thorp, WI 54771 Main Photo
New to the Market Active
BEDS0 BATHS SQUARE FEET6,246 MLS#7127607
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONLindquist Add SCHOOLThorp

Listing Courtesy of: DeGraw Investments LLC
Agency Phone: 7159392306
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Property Description

Exceptional Four-Unit Condominium Investment Opportunity | Thorp, Wisconsin Discover a truly unique investment opportunity with this beautifully maintained four-unit condominium property situated on approximately 1.6 acres in a peaceful, park-like setting in Thorp, Wisconsin. With numerous improvements, exceptional accessibility, and multiple potential uses, this property is ideal for investors, healthcare providers, or those seeking a private family compound. Three units offer 2 bedrooms and 1 full bath, while the fourth unit features 1 bedroom and 2 full baths. Every unit includes a four-season porch, attached 484-square-foot two-car garage, and in-unit washer and dryer, providing residents with comfort, convenience, and independent living. The spacious end units each offer 1,167 square feet, while the two center units each provide 1,132 square feet of thoughtfully designed living space. Best of all, there are no steps inside or outside the property, making the entire development wheelchair accessible. Residents can gather in the impressive 1,640-square-foot common area, featuring in-floor heat and ample space for social activities, meetings, or community events. Just outside, a large paved patio overlooks beautifully landscaped grounds, while a picturesque stream winds through the back of the property, creating a peaceful setting rarely found in an investment property. An additional detached common garage provides valuable storage or maintenance space. Whether you're looking to create a: ? Family compound or multi-generational living community ? Vacation rental destination ? Long-term rental investment ? Assisted living, senior housing, adult family home, or other healthcare-related use (subject to buyer verification and local approvals) ? Corporate or workforce housing this versatile property offers outstanding potential. Property Highlights ? Building is a free span structure making it easy to remove any interior walls ? Four condominium units ? Three 2-bedroom, 1-bath units ? One 1-bedroom, 2-bath unit ? End units: 1,167 SF each ? Center units: 1,132 SF each ? Attached 484 SF two-car garage for every unit ? Four-season porch in every residence ? Washer and dryer included in each unit ? Completely wheelchair accessible with no interior or exterior steps ? 1,640 SF heated common area with ? In-floor heat ? Wall AC units ? Full bath with walk-in shower ? Full kitchen ? Large paved community patio ? Detached common garage ? 1.6-acre setting with a beautiful stream along the rear of the property ? Numerous improvements throughout This is an exceptional opportunity to own a one-of-a-kind property that combines residential comfort, accessibility, natural beauty, and outstanding investment flexibility.

305 W Prospect Street | MLS# 7127607

This multi-family property located at 305 W Prospect Street, Thorp, WI 54771 is currently listed for sale with an asking price of $1,300,000. W Prospect Street is located within the Thorp school district. Search Thorp real estate on maryduff.starkhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Garage: 9 car attached
Lot Size: 1.60 Acres
Taxes: $8,141
Year Built: 1992

Amenities

Patio
Porch

Feature Descriptions

Building: FourPlex, 1 Story
Data Source: WIREX_WWRA
Exterior: Block
Heating/Cooling: Forced Air
Heating Fuel: Natural Gas
Lot Dimensions: 233X60X194X181
Nearby Water: Unnamed Lake
Units: 4
Utilities: Cable
Water/Waste: Municipal Water, Municipal Sewer
Water Features: Stream/Creek

Local Schools

School District: Thorp

Listed By / Shown By

Listed By

Agency Name: DeGraw Investments LLC
Agency Phone: 7159392306

Shown By

Agent Name: Mary Duff
Agent Phone: (608) 513-6955
Agency Title: Stark Company Realtors

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Estimate Your Payment

Estimated Payment

$ 7,951.35 per month $6,893.76 Principal & Interest $678.42 Property Tax $379.17 Homeowner's Insurance

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