1613 North 3rd Avenue

Wausau WI 54401

Multi-Family

Currently for sale - view listing

Overview

Not your ordinary duplex; not your ordinary investment property. This duplex is conveniently located near the Tech and has been completely remodeled from top to bottom. The seller intentionally didn't rent out the units as he wanted to ensure a fair showing process with no biases. The seller, a licensed real estate broker, suggests a monthly rent of between $1, 200 and $1, 300 per unit. All utilities are separate, including water. The owner will only be responsible for taxes and possibly some yard maintenance, unless tenants are willing to take care of the yard, which is highly likely. The property also features a generously sized 2-car garage. Each unit has its own private entry, with a deck, ensuring maximum tenant privacy. Everything is arranged in such a way that each tenant can enjoy maximum privacy. At the asking price, this property is projected to generate an almost 11% CAP rate, making it a rare find in any market., With new flooring, complete drywall and paint updates, a new heating system upstairs, including a furnace, updated light fixtures, bathrooms, kitchen and decks, along with brand new appliances; stove/range, dishwasher, washer and dryer. Both units have undergone thorough remodeling and essentially offer two entirely brand-new living spaces.

Features

2 carspaces

2 garage spaces

Multi-Family

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