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171 E Rhine St 4 Unit Apartment Building Offered at $3,693,168 CAD Elkhart Lake, WI 53020
Investment Highlights
- Near Local Amenities
- Income Producing
- Beautifully Renovated
Executive Summary
Aston Flats presents a rare opportunity to own a fully furnished, design-forward 4-unit property in the heart of Elkhart Lake, one of Wisconsin’s most sought-after vacation destinations. Blending luxury, flexibility, and income potential, this property is ideally suited for a private retreat, owner-occupied investment, or a high-performing short-term rental portfolio.
Each unit was thoughtfully designed with a striking modern industrial aesthetic, featuring custom cabinetry, acid-stained and engineered wood flooring, steel base trim, tile showers, and curated custom artwork throughout. Each unit includes a well-appointed appliance package, highlighted by Liebherr refrigerators/freezers, along with in-unit washer and dryer. The building is equipped with a boiler system for heat, supplemented by mini-splits in each unit for efficient heating and cooling, along with a full fire suppression sprinkler system for added safety and peace of mind.
The Vulcan unit offers a 1 bed/1 bath layout with an attached flex space that creates a unique mixed-use opportunity. This space could serve as a boutique storefront, coffee or retail concept, private office, gallery, or an extension of the residential unit as a second suite. With its visibility and proximity to downtown foot traffic, it provides an opportunity to generate additional income or create a personalized live/work environment rarely found in this market.
The Vanquish and Rapide are expansive 3 bed/2 bath upper units, each featuring private outdoor deck space overlooking vibrant Rhine Street, perfect for entertaining or enjoying summer evenings. The Vantage rounds out the property with a well-appointed 2 bed/2 bath layout. Each unit includes a dedicated garage space, and the property features durable exterior finishes including Trespa siding and metal roofing designed for longevity and low maintenance.
Offered fully furnished and turnkey, Aston Flats is ready for immediate use or rental. The sellers would prefer that a new owner honor existing bookings currently in place through Evolve, providing a seamless transition and immediate income opportunity.
Beyond the property itself, the true value lies in the Elkhart Lake lifestyle. Just steps from your front door, you’ll find charming shops, restaurants, coffee spots, and lake access, all within a walkable, vibrant downtown. Spend your mornings on the water, afternoons at the beach, and evenings enjoying live music, dining, and the energy that makes Elkhart Lake such a destination.
For motorsports enthusiasts, Road America is just minutes away, drawing visitors from around the country throughout the season. Golfers will appreciate nearby Quit Qui Oc Golf Club, while year-round events, festivals, and recreation keep the area active well beyond summer.
Whether you’re envisioning a summer escape, a legacy property for years to come, or a strategic investment in a thriving vacation market, Aston Flats delivers a rare combination of location, design, and income potential in the heart of Elkhart Lake.
Each unit was thoughtfully designed with a striking modern industrial aesthetic, featuring custom cabinetry, acid-stained and engineered wood flooring, steel base trim, tile showers, and curated custom artwork throughout. Each unit includes a well-appointed appliance package, highlighted by Liebherr refrigerators/freezers, along with in-unit washer and dryer. The building is equipped with a boiler system for heat, supplemented by mini-splits in each unit for efficient heating and cooling, along with a full fire suppression sprinkler system for added safety and peace of mind.
The Vulcan unit offers a 1 bed/1 bath layout with an attached flex space that creates a unique mixed-use opportunity. This space could serve as a boutique storefront, coffee or retail concept, private office, gallery, or an extension of the residential unit as a second suite. With its visibility and proximity to downtown foot traffic, it provides an opportunity to generate additional income or create a personalized live/work environment rarely found in this market.
The Vanquish and Rapide are expansive 3 bed/2 bath upper units, each featuring private outdoor deck space overlooking vibrant Rhine Street, perfect for entertaining or enjoying summer evenings. The Vantage rounds out the property with a well-appointed 2 bed/2 bath layout. Each unit includes a dedicated garage space, and the property features durable exterior finishes including Trespa siding and metal roofing designed for longevity and low maintenance.
Offered fully furnished and turnkey, Aston Flats is ready for immediate use or rental. The sellers would prefer that a new owner honor existing bookings currently in place through Evolve, providing a seamless transition and immediate income opportunity.
Beyond the property itself, the true value lies in the Elkhart Lake lifestyle. Just steps from your front door, you’ll find charming shops, restaurants, coffee spots, and lake access, all within a walkable, vibrant downtown. Spend your mornings on the water, afternoons at the beach, and evenings enjoying live music, dining, and the energy that makes Elkhart Lake such a destination.
For motorsports enthusiasts, Road America is just minutes away, drawing visitors from around the country throughout the season. Golfers will appreciate nearby Quit Qui Oc Golf Club, while year-round events, festivals, and recreation keep the area active well beyond summer.
Whether you’re envisioning a summer escape, a legacy property for years to come, or a strategic investment in a thriving vacation market, Aston Flats delivers a rare combination of location, design, and income potential in the heart of Elkhart Lake.
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Kitchen
- Vaulted Ceiling
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Wi-Fi
- Dining Room
- Double Pane Windows
- Freezer
- Handrails
- Instant Hot Water
- Island Kitchen
- Linen Closet
- Porch
- Smoke Free
- Vinyl Flooring
- Window Coverings
- Large Bedrooms
Site Amenities
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Furnished Units Available
- On-Site Retail
- Smoke Free
- Wi-Fi
- Storage Space
- Multi Use Room
- Private Bathroom
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 3+2 | 2 | - | - |
| 2+2 | 1 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 59121584052 | Improvements Assessment | $641,243 CAD |
| Land Assessment | $53,619 CAD | Total Assessment | $694,863 CAD |
Property Taxes
Parcel Number
59121584052
Land Assessment
$53,619 CAD
Improvements Assessment
$641,243 CAD
Total Assessment
$694,863 CAD
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171 E Rhine St
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