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$395,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 12 days ago
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Attention investors! Former supper club and bowling alley with 5 multi-family units. Current occupancy approaching $5,000 per Month in rental income, with several units open and being updated. The residential portion of this property includes 7 rooms sharing one bathroom and 5 units with private baths. The supper club/restaurant area includes a massive bar, kitchen equipment, furnishings and glass/dinnerware. Property has had many updates over the past few years and is in need of cosmetic updating and general maintenance. See attached documents for per unit details, notes on potential expansion and additional comments from the seller. Noted unit sizes are estimated off of a layout and will need to be verified by buyer.

Full Property Details for 506 Forest Home Dr

General

  • Price: $395,000
  • Taxes: $3,686
  • Status: Active
  • Type: Multi-Family
  • Source: Wirex_Realtors_Association_of_Northeast_Wisconsin_RANW
  • MLS ID: 50301261
  • Updated: 1/3/2025
  • Added to Site: 51 day(s) ago

Parking

  • Parking Features: Outside

Location

  • Municipality: Francis Creek
  • County: Manitowoc
  • Driving Directions: Hwy 43 to Hillcrest Road Exit, Francis Creek. East to Packer Drive. North to Forest Home Drive. Right on Forest Home Drive, property is on Left.

School Information

  • School District: Mishicot

Heating & Cooling

  • Heating Fuel: Electric, Natural Gas
  • Heating/Cooling: Forced Air, Radiant

Utilities

  • Water/Sewer: Well, Municipal Sewer

Structural Information

  • Description/Design: 2 Stories
  • Exterior Const.: Aluminum/Steel, Brick
  • Basement Desc.: Full, Walk-Out/Outer Door, Block, Poured Concrete, Stone
  • Square Feet: 3,728
  • Square Feet Range: 3501 to 5000
  • Sq. Ft. Source: Assessor/Public Record

Unit Information

  • Units in Building: 5

Unit 1

  • Square Feet: 760
  • Bedrooms: 2

Unit 2

  • Square Feet: 760
  • Bedrooms: 1

Unit 3

  • Bedrooms: 1

Unit 4

  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 1.04
  • Lot Size Range: 1 to 4.99 Acres
  • Lot Size Source: Assessor/Public Record
  • Zoning: Commercial, MULTI-FAMILY(5+UNITS)
  • Lot Description: Level

Financial Considerations

  • Tax Amount: $3,686

Listed by Shorewest, Realtors

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— 506 Forest Home Dr —

  • Shorewest, Realtors

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 506 Forest Home Dr

School District:Mishicot School District
RatingNameGradesDistance
5
Schultz Elementary School
510 Woodlawn Dr, Mishicot, WI 54228
PK-55.1 mi
4
Mishicot High School
660 Washington St, Mishicot, WI 54228
9-124.9 mi
7
Mishicot Middle School
660 Washington St, Mishicot, WI 54228
9-124.9 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 506 Forest Home Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/03/2024
Price Reduced
$395,000
-4.82%
MLS
11/25/2024
Listed
$415,000
48.21%
MLS
10/16/2019
Sold
$280,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 506 Forest Home Dr

Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,632
14%
$172,700
—
2022
$4,057
24%
$172,700
—
2021
$3,259
2%
$172,700
—
2020
$3,191
3%
$172,700
—
2019
$3,088
—
$172,700
—
2018
$3,086
4%
$172,700
—
2017
$2,969
—
$172,700
—
2016
$2,979
-4%
$172,700
—
2015
$3,116
1%
$172,700
—
2014
$3,074
-8%
$172,700
—
2013
$3,332
—
$172,700
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Shorewest, Realtors

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506 Forest Home Drive, Francis Creek, WI 54214 (MLS# 50301261) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 506 Forest Home Drive is currently listed for $395,000 and was received on November 25, 2024. Want to learn more about 506 Forest Home Drive? Do you have questions about finding other Multi-Family real estate for sale in Francis Creek? You can browse all Francis Creek real estate or contact a Coldwell Banker agent to request more information.

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