305 W Prospect Street, Thorp, WI 54771

$1,300,000
6,246
SqFt

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List Price
$1,300,000
MLS#
7127607
Status
ACTIVE
Type
Multifamily
Living Area
6,246
Acres
1.60
Subdivision
Lindquist Add
Year Built
1992

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.

Additional Information

School District
Thorp
Amenities Shared
Lobby Entrance, Patio, Porch, Security Building
Tax Year
2025
Waterfront Features
Creek/Stream
Fuel
Natural Gas
Water Body Name
Unnamed Lake
Sewer
City Sewer/Connected
Heating
Forced Air
Water
City Water/Connected
Basement
None
Parking
Attached Garage, Asphalt, Garage Door Opener
Garage Spaces
9

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Calculator source: Real Geeks

Listing courtesy of DeGraw Investments LLC.

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