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3701 Robert Pl 18 Unit Apartment Building $1,850,000 ($102,778/Unit) Stevens Point, WI 54481
Investment Highlights
- Highly desirable Park Ridge area
- Convenient access to parks, schools, shopping, and groceries
- Fully leased
Executive Summary
Prime Investment Opportunity! Don't miss your chance to own this well-maintained 18-unit apartment complex in the highly desirable Park Ridge area! This income-generating property features 13 one-bedroom, one-bath units (600 sq ft each) and 5 two-bedroom, one-bath units (720 sq ft each), all currently leased, with several long-term tenants in place. Tenants enjoy on-site coin-operated laundry located in the lower level, and the property offers convenient access to parks, schools, shopping, groceries, and more. Whether you're a seasoned investor or just getting started, this property offers steady cash flow and endless potential.Properties like this do not come around often. Schedule your private showing today!
Property Facts
| Price | $1,850,000 | Building Class | C |
| Price Per Unit | $102,778 | Lot Size | 0.65 AC |
| Sale Type | Investment | Building Size | 13,616 SF |
| No. Units | 18 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1966 |
| Apartment Style | Single-Family Home | Opportunity Zone |
Yes
|
| Zoning | Commercial - Commercial | ||
| Price | $1,850,000 |
| Price Per Unit | $102,778 |
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.65 AC |
| Building Size | 13,616 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1966 |
| Opportunity Zone |
Yes |
| Zoning | Commercial - Commercial |
Amenities
Unit Amenities
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walking/Biking Trails
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 13 | - | 600 |
| 2+1 | 5 | - | 720 |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 281-24-0827301105 | Improvements Assessment | $972,300 |
| Land Assessment | $80,700 | Total Assessment | $1,053,000 |
Property Taxes
Parcel Number
281-24-0827301105
Land Assessment
$80,700
Improvements Assessment
$972,300
Total Assessment
$1,053,000
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Contact the Sale Advisor
3701 Robert Pl