$ 195,000
1633 MAIN STREET Stevens Point, WI 54481
Schedule a Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by FIRST WEBER
$ 195,000
Est. payment /mo
Active
1633 MAIN STREET Stevens Point, WI 54481
UPDATED:
10/08/2024 10:03 AM
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Municipality STEVENS POINT
MLS Listing ID 22404775
Style Other
Year Built 1905
Annual Tax Amount $3,958
Tax Year 2023
Property Description
Expand your investment portfolio with this landmark student rental. Licensed for eight students, this five bedroom home has perfect rental history and is ready for new ownership. Cash flow is secured through May 2026. Current lease runs until May 23, 2024 with a $20,400 annual rent roll. A lease has been secured for the following semesters beginning May 30, 2025 through May 23, 2026 with a $22,500 annual rent roll. Tenants are responsible for all utilities except for storm sewer. Additional income is generated from the coin-op laundry machines. Landlord does not own these appliances but contractually receives 50% of the income generated - approximately $800.00 annually. With studious tenants, a 24-hour notice will be required for all showings.
Location
State WI
County Portage
Interior
Interior Features Utility Room
Heating Natural Gas
Cooling Hot Water
Equipment Refrigerator, Range/Oven
Appliance Refrigerator, Range/Oven
Exterior
Garage None
Utilities Available 1 Electric Meter, Separate Heat, Separate Electric Meters, 1 Gas Meter
Roof Type Shingle
Building
Dwelling Type 2 Story
Sewer Municipal Water, Municipal Sewer, Master Meter
Architectural Style Other
New Construction N
Schools
Middle Schools P.J. Jacobs
High Schools Stevens Point
School District Stevens Point
Copyright 2024 WIREX - All Rights Reserved