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550 S 1st Ave 3 Unit Apartment Building $289,987 ($96,662/Unit) 10.07% 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 | $289,987 | Apartment Style | Low-Rise |
| Price Per Unit | $96,662 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 10.07% | Building Size | 3,657 SF |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $289,987 |
| Price Per Unit | $96,662 |
| Sale Type | Investment |
| Cap Rate | 10.07% |
| 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 | $255,900 |
| Land Assessment | $15,500 | Total Assessment | $271,400 |
Property Taxes
Parcel Number
291-2907-351-0016
Land Assessment
$15,500
Improvements Assessment
$255,900
Total Assessment
$271,400
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550 S 1st Ave
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