Property Detail

$160,000 201 E. School St. Thorp, WI. Nicely divided duplex!

MLS #1570927 – Amazing owner occupied or pure income property opportunity! This duplex is set up with a spacious 2 bedroom lower including 1st floor laundry, good sized dining room, and 2 car detached garage. To rent the upper 1 bedroom unit as an income property would be just the ticket to mortgage payment easy street! You could let them use 1/2 of the garage (built in 2005) since it is split down the middle or keep it all for yourself. Separate water meters for upper and lower, but gas and electric are on one bill. Upper is actively rented as an Airbnb and the decor, furnishings, furniture, equipment, and client list could be negotiated as well but are not in the current price. 1st floor unit is rented out on a longer term lease. New roof in 2017. Washer & dryer, stove/oven and refrigerators in each unit are included.

Exterior: Vinyl siding, vinyl double hung windows, and new asphalt shingled roof (2017).
Basement: Partial basement, remainder crawl space, stone walls, breaker box, separate hot water heaters for each level. First floor water heater is in basement. Natural gas forced air furnace for first floor and free standing natural gas unit for upper. New sewer line to the street.
Taxes: $2239.91 (2022)
Lot Size: 60’x 150′
Lower Apartment: Approximately 1015 sq. ft. of living space
Enclosed front porch – 7.5’x 18′
Kitchen – 11.5’x 14′, approx. 15′ of cabinets, vinyl floor, natural gas stove and refrigerator included
Dining Room – 13.5’x 15′, carpet, 10’+ coat closet
Living Room – 13’x 17′, carpet
Full Bath – 5.5’x 8.5′, vinyl floor, pedestal sink, toilet, tub/shower enclosure
Bedroom – 9.5’x 13′ carpet, 13′ closet
Bedroom – 9.5’x 12′, carpet, closet, sink, built in drawers
Laundry/Mud Room – 6.5’x 13.5′, washer/dryer hookup, good storage, red oak core floor
Deck – 8’x 12′ rear entry deck
Upper Apartment: Approximately 823 sq. ft. of living space. Accessed by an enclosed stairway.
Landing – 6.5’x 13.5′, vinyl floor
Kitchen – 12’x 15.5′, hardwood floor, approx. 10′ oak cabinets, gas stove & refrigerator included
Dining Room – 7.5’x 8’ hardwood floor, entry to covered deck
Living Area – 13.5’x 16.25′, carpet, natural gas heating unit
Bedroom – 9.75’x 13.5′, carpet, closet
Bath – 5.25’x 7.25’ vanity, sink, toilet, shower, stackable washer/dryer included
2nd Story Deck – 5.5’x 15.5′ rails all around, great grilling spot!
Detached Garage: 24’x 26′, built in 2005 with 2 manual overhead doors, vinyl siding. Dividing wall makes for 2 parking and storage areas, 1 for each unit with separate service entrances.

Directions: From Hwy 29 exit into Thorp then North 1/2 mile to School Street. East on School street 1 block to the property.