For Sale: Cumberland MLS# 7116857
Active
NEW!
$300,000
Commercial: 1 Story
Built 2000
0.103 acres
Cumberland schools
MLS# 7116857
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Property Description
Here's your chance to own a low-maintenance commercial investment with immediate income and future upside. Verizon occupies the main level under a long-term triple net lease, keeping ownership responsibilities to a minimum while generating consistent cash flow. The approximately 1, 900-square-foot basement presents an exciting value-add opportunity to create additional leasable space and increase your return on investment. A perfect addition for investors seeking both stability and growth potential.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$300,000
Property Type:
Commercial
City:
Cumberland
Garage Spaces:
0
County:
Barron
Year Built:
2000
State:
WI
Property Style:
1 Story
Zip Code:
54829
Subdivision Name:
City/Cumberland
Interior
Bedrooms:
0
Bathrooms:
0
Exterior
Stories:
One
Garage Spaces:
0
Foundation Size:
1,900 ft2
Handicap Accessible:
Other
Heating System:
Forced Air
Parking Features:
Parking Lot
Road Frontage:
- City Street
- Paved Streets
- Sidewalks
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.103
Geolocation:
45.531801, -92.021885
Inclusions:
Building, Leases
Lot Dimensions:
125 x 35 x 125 x 35
Zoning:
Business/Commercial
Schools
School District:
1260
District Phone:
7158224611
Expenses
Annual Insurance Expense:
$1,117
Annual Maintenance Expense:
None
Tenant Expenses:
All Utilities, Common Area Maintenance, Insurance, Lawn Care, Maintenance, Snow Removal
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$3,069
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$3,069
Income
Annual Gross Income:
$14,736
Rent
Annual Net Income:
$10,550
Units
Total Units:
1
Miscellaneous
Current Use:
Retail
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Keller Williams Select Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.