539 S Wasson Lane, River Falls, WI 54022

$2,115,000
Property Type: Commercial Lot Size (sq. ft.): 30,056 Status: Closed
Current Price: $2,115,000 List Date: 9/13/2022 Last Modified: 8/07/2025

Overview

Description

This is a 3 level - 23 units apartment complex that is located on the northeast side of the UWRF campus. It is 100% occupied with high occupancy history. There are 5 efficiency units, 6 one-bedroom units and 12 two-bedroom units. Each unit has stove, fridge and wall A/C. Lots of storage space. 1 & 2 bedroom units have large walk-in closet in the entry as well as walk-in pantry in the kitchen. 1 bedroom units have walk-in closet in the bedroom. Studio apartments have 2 regular sized closets in the entry. All units have a linen closet near the bathroom. Secured entry building. Parking lot that is permit parking only. On-site coin operated laundry. All utilities included in rent. Hot water boiler heat, wall A/C. All information deemed accurate but not guaranteed. Agents, buyers to verify measurements and all information.

Listing Details MLS# 6258586

General Property Information

Living Area Units
Square Feet
Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
40
Owner Occupied
No
Year Built
1974
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Foundation Size
7000
For Sale or Lease
For Sale
Acres
0.69
Lot Dimensions
127' x 235'
Assessment Pending
Unknown
Garage Stalls
0

Property Features

Accessible: None Air Conditioning: Window Unit(s) Amenities Shared: Coin-op Laundry Owned; Security Building Appliances: Range; Refrigerator CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Brick/Stone; Vinyl; Wood Financing Terms: Conventional Fuel: Natural Gas Heating: Hot Water Loan Terms: Conventional Lock Box Type: Combo Lot Description: Tree Coverage - Medium On Site Utilities: Electric Common; Heating Common; Hot Water Common Owner Pays: Electricity; Fuel; Insurance; Lawn; Lawn; Maintenance/Repair; Snow Removal; Taxes; Trash Collection; Water Sewer: City Sewer/Connected Stories: Three Or More Tenant Pays: Trash Collection Water: City Water/Connected

Contract Information

Off Market Date
2022-10-31
Closed Date
2022-11-02
Sales Close Price
2115000
Contingency
None
ListPrice
2100000
Owner is an Agent?
No

Location Tax and Other Information

House Number
539
Street Direction Prefix
S
Street Name
Wasson
Street Suffix
Lane
Postal City
River Falls
County
Pierce
State
WI
Zip Code
54022
Complex/Dev/Subdivision
Assessors Plat/Riv Falls Amd

Basement

Foundation Dimensions
75 x32x29x32x75x32x29x32

Building Information

Building Finished SqFt
20925
Building SqFt
20925

More Information

Lease Details

Land Leased
Not Applicable
Monthly Land Lease Amt
0

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
18W
Section#
06
Township#
27N

Sale Options

Sale Includes
Building, Land, Leases

Unit 1

No. of 1 Bedroom Units
6

Unit 2

No. of 2 Bedroom Units
12

Unit Details

Total Units
23

Unit Information

No. of Efficiency Units
5

Office/Member Info

Association
WWRA
MLSID
RMLS

Location, Tax and Other Information

Legal Description
N 232.5' OF OL 132 OF AMENDED ASSESSORS PLAT (539 S WASSON LANE)
Listing City
River Falls
Map Page
140
Rental License?
No
School District
River Falls
Map Coordinate Source
RETS
Zip Plus 4
32
Property ID Number
276011050800
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
This is a 3 level - 23 units apartment complex that is located on the northeast side of the UWRF campus. It is 100% occupied with high occupancy history. There are 5 efficiency units, 6 one-bedroom units and 12 two-bedroom units. Each unit has stove, fridge and wall A/C. Lots of storage space. 1 & 2 bedroom units have large walk-in closet in the entry as well as walk-in pantry in the kitchen. 1 bedroom units have walk-in closet in the bedroom. Studio apartments have 2 regular sized closets in the entry. All units have a linen closet near the bathroom. Secured entry building. Parking lot that is permit parking only. On-site coin operated laundry. All utilities included in rent. Hot water boiler heat, wall A/C. All information deemed accurate but not guaranteed. Agents, buyers to verify measurements and all information.
Directions
I94 to State Hwy 35 South to Hwy 29, right onto South Wasson Lane, property on right hand side of street.

Accessible

None
Yes

Air Conditioning

Window Unit(s)
Yes

Amenities Shared

Coin-op Laundry Owned
Yes
Security Building
Yes

Appliances

Range
Yes
Refrigerator
Yes

Construction Status

Previously Owned
Yes

Exterior

Brick/Stone
Yes
Vinyl
Yes
Wood
Yes

Financing Terms

Conventional
Yes

Fuel

Natural Gas
Yes

Heating

Hot Water
Yes

Lock Box Type

Combo
Yes

Lot Description

Tree Coverage - Medium
Yes

Owner Pays

Electricity
Yes
Fuel
Yes
Insurance
Yes
Lawn
Yes
Maintenance/Repair
Yes
Snow Removal
Yes
Taxes
Yes
Trash Collection
Yes
Water
Yes

Sewer

City Sewer/Connected
Yes

Stories

Three Or More
Yes

Water

City Water/Connected
Yes

No. of Ranges

One Per Unit
Yes

No. of Refrigerators

One Per Unit
Yes

Tenant Pays

Trash Collection
Yes

On Site Utilities

Electric Common
Yes
Heating Common
Yes
Hot Water Common
Yes

CMU Style

Apartments/Multi Family
Yes

Current Use

Residential
Yes

Loan Terms

Conventional
Yes

Documents

Listing Office: Applegate Inc
IDX
Last Updated: August - 07 - 2025
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.