1613 N 3RD AVENUE Wausau WI 54403
Multi-Family
$ 259,900.00
Description
Presenting a distinctive duplex that stands apart from the ordinary, this investment property boasts a prime location near the Tech hub and has undergone a comprehensive top-to-bottom renovation. The duplex features separate utilities, including water, leaving the owner responsible only for taxes and potentially some yard maintenance, unless tenants opt to handle itâa likely scenario. Adding to its appeal is a spacious 2-car garage. Each unit has its own private entry, ensuring optimal tenant privacy. The layout is carefully designed to provide maximum privacy for each tenant, creating a comfortable living environment. Unit 1 is rented for $1,100 (tenant pays utilities), Unit 2 is under a short-term rental for $1,200 (utilities included, for long term rental tenant would pay all utilities). Each unit has a separate meter for gas, electricity & water. At the listed price, this property is anticipated to yield an impressive almost 11% Capitalization Rate (CAP rate), making it a rare and lucrative opportunity in any market. The recent renovations include new flooring, complete drywall and paint updates, a newly installed heating system upstairs with a furnace, upgraded light fixtures, renovated bathrooms and kitchen, and refreshed decks. Additionally, both units feature brand new appliances, transforming them into essentially two entirely new living spaces. This duplex is not just an investment; it’s a modern and revitalized living experience.
Rooms&Units Description
- Number of Units: 2
- Unit 1 Bd: 1
- Unit 1 Bth: 1
- Unit 1 Rent: 1100
- Unit 1 Sq Ft: 816
- Unit 2 Bd: 2
- Unit 2 Bth: 1
- Unit 2 Rent: 1200
- Unit 2 Sq Ft: 816
Location Details
- Municipality: Wausau, City of
- County: Marathon County
- Directions: 1613 N 3rd Ave
- Area Desc: Wausau
- ZONING: Residential
Property Details
- Above Grade Fin Sq Ft: 1632
- CONSTRUCTION: Brick
- Acreage: 0.46
- Sale/Rent: For Sale
- Age: 124
- Present Use: rental
Property Features
- APPLIANCES: Refrigerator,Range,Dishwasher,Washer,Dryer
- INTERIOR: Smoke Detector,Garage Door Opener,Vinyl Floors
- Style: 2 Story
- ROOF: Shingle
- BASEMENT: Crawl Space
- Basement: Yes
- HEAT TYPE: Forced Air
- FUEL TYPE: Natural Gas
- GAS: Separate Meter
- ELECTRICITY: Separate Meter
- Parking: Blacktop/Asphalt
- GARAGE TYPE: Detached
- Garage Capacity: 2
- WATER: Separate Meter
- WATER HEATER: Natural Gas
- Waterfront: No
- Sewer/Water: Pb Sewer/Pb Water
- PATIO/DECK: Deck
Fees&Taxes
- Tax Amount: $ 0.00
- Tax Year: 2022
Courtesy of
- Office Name: AMAXIMMO LLC
- Contact: Phone: 715-841-0015