3160 Nine Mile Rd, Eagle River, WI 54521

Property Description

Rare opportunity to own a versatile income-producing property with multiple rental units, residential living space & an impressive 2,880 sq ft garage/shop on 2.58 wooded acres near Eagle River! The property includes a 3BR/1BA main home with attached 2-car garage, separate 1BR/1BA cabin, 2-story duplex with 2BR/1BA units on each level & a substantial 48'x60' 2-story detached garage/shop. With three existing rental units in addition to the main home, this property offers an excellent opportunity for an investor or an owner-occupant looking to live on site while generating rental income from the remaining residences. Current rents are $775/mo for the cabin, $950/mo for the upper duplex & $850/mo for the lower duplex, with heat & snowplowing included. The cabin & each duplex unit are approx. 480 sq ft. The large detached garage/shop is partially heated & provides exceptional space for vehicles, boats, equipment, storage, hobbies or potential additional rental/income-producing use. The main home features new vinyl flooring, new stove & refrigerator, metal roof, full walkout unfinished basement & new furnace/central A/C in 2023. The cabin has a new furnace plus new basement furnace in 2025. Located along a paved town road with convenient access to Eagle River, area businesses, services & the Eagle River Chain of Lakes. Whether used primarily as an investment property or as a residence with supplemental rental income, this unique property offers multiple revenue streams, substantial garage/shop space & outstanding flexibility for future use.