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Listed by eXp Realty, LLC
$ 2,100,000
Est. payment /mo
Active
4750 8TH STREET SOUTH Wisconsin Rapids, WI 54494
UPDATED:
09/04/2024 11:12 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality WISCONSIN RAPIDS
MLS Listing ID 22402979
Property Description
Welcome to this exceptional property, now generating a substantial gross potential income of $21,000 per month! The current owner has transitioned the property to long-term rentals, managing it like a traditional apartment complex to ensure consistent and reliable income. The property features a versatile unit breakdown to cater to various tenant needs: one spacious 3-bedroom apartment, sixteen kitchenette units, two kitchenette suites, and eleven traditional motel units. Significant updates have been made throughout, including new furnishings, water heaters, windows, and upgraded insulation. High-speed WiFi services all units, and many feature updated flooring for added comfort. Enjoy the convenience of keyless door access in most units. Located on a highly trafficked corner, this property boasts high visibility and easy access to food and shopping, making it a prime choice for tenants. The outdoor pool adds a touch of luxury and relaxation. This property offers a blend of modern amenities and a convenient location, making it a valuable investment opportunity.
Location
State WI
County Wood
Zoning Commercial
Interior
Heating Electric
Cooling Baseboard
Equipment Refrigerator, Range/Oven, Dishwasher, Washer, Dryer
Appliance Refrigerator, Range/Oven, Dishwasher, Washer, Dryer
Exterior
Exterior Feature Patio, Pool(s)
Parking Features None
Utilities Available 1 Electric Meter, No Gas Meter
Roof Type Composition/Fiberglass,Shingle,Flat
Building
Dwelling Type Complex,1 Story
Sewer Municipal Water, Municipal Sewer, No Meter
Structure Type Wood
New Construction N
Schools
School District Wisconsin Rapids
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