1633 MAIN STREET Stevens Point WI 54481
Multi-Family
$ 195,000.00
Description
Expand your investment portfolio with this landmark student rental. Licensed for eight students, this five bedroom home has perfect rental history and is ready for new ownership. Cash flow is secured through May 2026. Current lease runs until May 23, 2024 with a $20,400 annual rent roll. A lease has been secured for the following semesters beginning May 30, 2025 through May 23, 2026 with a $22,500 annual rent roll. Tenants are responsible for all utilities except for storm sewer. Additional income is generated from the coin-op laundry machines. Landlord does not own these appliances but contractually receives 50% of the income generated – approximately $800.00 annually. With studious tenants, a 24-hour notice will be required for all showings.
Rooms&Units Description
- Unit 1 Rm: 8
- Unit 1 Bd: 5
- Unit 1 Bth: 2
- Unit 1 A/C: N
- Unit 1 Ref/Rg: Y
- Unit 1 Dep: Y
- Unit 1 Rent: 1875
- Unit 1 Lease: Y
- Unit 1 Sq Ft: 2687
- Util Rm: Y
Location Details
- Municipality: Stevens Point, City of
- County: Portage County
- Directions: Main St. to Downtown on L
- Area Desc: Stevens Point
Property Details
- BelowGrade UNFINISHED Sqf: 1158
- Above Grade Fin Sq Ft: 2687
- CONSTRUCTION: Brick,Vinyl
- Acreage: .14
- Sale/Rent: For Sale
- Annual Rent: 22500.
- Age: 119
- OCCUPANCY: Tenant Rights
- Present Use: Investment
Property Features
- APPLIANCES: Refrigerator,Range
- Style: 2 Story
- ROOF: Shingle
- BASEMENT: Stone
- Basement: Yes
- HEAT TYPE: Hot Water
- FUEL TYPE: Natural Gas
- GAS: Master Meter
- ELECTRICITY: Master Meter
- Parking: Gravel,Off Street,Outside
- Garage Capacity: None
- FIREPLACE: Wood
- WATER: Meter (s)
- WATER HEATER: Natural Gas
- Waterfront: No
- UTILITY/LAUNDRY: Available On Site,Coin-Op Dryer,Coin-Op Washer
- Sewer/Water: Pb Sewer/Pb Water
- PATIO/DECK: Deck,Porch
- Utilities - Sep Ht: Y
- Utilities-Heat Included: N
- Utilities - Sep Elec: Y
- Utilities - Elec Included: N
- Utilities- Water Included: N
- Utilites - Sewer Included: N
Features
- Deck-Covered
Fees&Taxes
- Tax Amount: $ 3,958.00
- Tax Year: 2023
Miscellaneous
- Electronic Consent: Yes
Courtesy of
- Office Name: FIRST WEBER
- Contact: homeinfo@firstweber.com