Investor opportunity just minutes from Hodag Park! This down‑to‑the‑studs multi‑unit property is a true handyman special, ready for a full transformation. With demolition started, the heavy lifting has already begun—allowing a new owner to redesign layouts, finishes, and systems to maximize value and long‑term returns. Whether you’re looking to renovate and hold, reposition as updated rentals, or explore resale potential, this blank‑canvas asset offers flexibility for a variety of investment strategies. Conveniently located near parks, downtown amenities, and year‑round recreation, the setting supports strong rental demand once complete. Bring your vision, contractor, and toolbox—this is a rare chance to add significant equity in a desirable Rhinelander location. Property is being sold as‑is.