Monroe House 1700 Monroe St 24 Unit Apartment Building $395,000 ($16,458/Unit) Stevens Point, WI 54481

Rooming House licensed for 24 occupants. Historic “old style rooming house” with 24 plus bedrooms, some with private bathroom, most have shared bathrooms and common kitchen area. Rubber roof and boiler replaced within the last 10 years. Windows and Siding updated in 2003. Huge building with over 7,000 square feet. Current rents are $400/month for a single room with heat, electric, sewer, water, and WIFI included. Property currently being managed by the “Monroe House” providing transitional living for the community. The owner has done the same for the past 30 years with some periods of full occupancy. Fantastic income potential. Great opportunity for private investors, not-for profit organizations to provide affordable housing for the community.