Log In/Sign Up
Your email has been sent.
550 S 1st Ave 3 Unit Apartment Building $299,987 ($99,996/Unit) 9.73% Cap Rate Wausau, WI 54401
Executive Summary
Excellent investment opportunity!
This well-maintained triplex features three units: an upper-level 2-bed, 1-bath unit rented for $1,000; a main-level 2-bed, 1-bath unit rented for $1,100; and a lower-level studio. The lower unit is currently vacant due to scheduled basement work, which will be completed by the seller. Prior to the work, the studio rented for $850 per month.
The property is situated in an excellent location with water views and overlooks the city of Wausau. Overall building condition is A+. Seller is a Real Estate Broker
This well-maintained triplex features three units: an upper-level 2-bed, 1-bath unit rented for $1,000; a main-level 2-bed, 1-bath unit rented for $1,100; and a lower-level studio. The lower unit is currently vacant due to scheduled basement work, which will be completed by the seller. Prior to the work, the studio rented for $850 per month.
The property is situated in an excellent location with water views and overlooks the city of Wausau. Overall building condition is A+. Seller is a Real Estate Broker
Property Facts
| Price | $299,987 | Apartment Style | Low-Rise |
| Price Per Unit | $99,996 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 9.73% | Building Size | 3,657 SF |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $299,987 |
| Price Per Unit | $99,996 |
| Sale Type | Investment |
| Cap Rate | 9.73% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 3,657 SF |
| No. Stories | 2 |
| Year Built | 1910 |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
1 1
Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (72)
Property Taxes
| Parcel Number | 291-2907-351-0016 | Improvements Assessment | $189,700 |
| Land Assessment | $15,500 | Total Assessment | $205,200 |
Property Taxes
Parcel Number
291-2907-351-0016
Land Assessment
$15,500
Improvements Assessment
$189,700
Total Assessment
$205,200
1 of 52
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
550 S 1st Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.