2616 DIXON STREET Stevens Point WI 54481
Multi-Family
$ 1,585,000.00
$ 1,585,000.00
Description
Brick Apartment Building with 12 Units – Eight 3 bedroom with 1.5 Baths, Two 2 bedroom with 2 baths, Two 2 bedroom with 1 bath. All rents are in process of being increased; where can one rent a 3 bedroom, 2 bath for under $1,000 monthly rent with heat & water included! Tenants pay for electricity. One unit is currently vacant – scheduled for remodel. The current rental income is $119,280 for 12 months. Additional income from coin operated washer & dryer located in the common area. 12 refrigerators, 12 ranges, and the coin operated washer and dryer are all included in sale. An extra lot 50×130 is included in sale (PIN#2408.33.3024.17). Building above ground is 12,864, Basement is 6,432 (Stevens Point office).
Rooms&Units Description
- Number of Units: 12
- Unit 1 Rm: 7
- Unit 1 Bd: 3
- Unit 1 Bth: 1.5
- Unit 1 Ht Av: Y
- Unit 1 A/C: No
- Unit 1 Ref/Rg: Y
- Unit 1 Dep: 1980
- Unit 1 Rent: $990
- Unit 1 Lease: Y
- Unit 1 Sq Ft: 1000
- Unit 2 Rm: 7
- Unit 2 Bd: 3
- Unit 2 Bth: 1.5
- Unit 2 Ht Av: Y
- Unit 2 A/C: No
- Unit 2 Ref/Rg: Y
- Unit 2 Dep: 1800
- Unit 2 Rent: $900
- Unit 2 Lease: Y
- Unit 2 Sq Ft: 1000
- Unit 3 Rm: 5
- Unit 3 Bd: 2
- Unit 3 Bth: 1
- Unit 3 Ht Av: Y
- Unit 3 A/C: No
- Unit 3 Ref/Rg: Y
- Unit 3 Dep: 635
- Unit 3 Rent: $635
- Unit 3 Lease: Y
- Unit 3 Sq Ft: 950
- Unit 4 Rm: 6
- Unit 4 Bd: 2
- Unit 4 Bth: 2
- Unit 4 Ht Av: Y
- Unit 4 A/C: No
- Unit 4 Ref/Rg: Y
- Unit 4 Dep: 1600
- Unit 4 Rent: $800
- Unit 4 Lease: Y
- Unit 4 Sq Ft: 950
- Unit 5 Rm: 7
- Unit 5 Bd: 3
- Unit 5 Bth: 1.5
- Unit 5 Ht Av: Y
- Unit 5 A/C: No
- Unit 5 Ref/Rg: Y
- Unit 5 Rent: $0
- Unit 5 Lease: N
- Unit 5 Sq Ft: 1000
- Unit 6 Rm: 7
- Unit 6 Bd: 3
- Unit 6 Bth: 1.5
- Unit 6 Ht Av: Y
- Unit 6 A/C: No
- Unit 6 Ref/Rg: Y
- Unit 6 Dep: 1900
- Unit 6 Rent: $950
- Unit 6 Lease: Y
- Unit 6 Sq Ft: 1000
- Unit 7 Rm: 7
- Unit 7 Bd: 3
- Unit 7 Bth: 1.5
- Unit 7 Ht Av: Y
- Unit 7 A/C: No
- Unit 7 Ref/Rg: Y
- Unit 7 Dep: 2050
- Unit 7 Rent: 1025
- Unit 7 Lease: Y
- Unit 7 Sq Ft: 1000
- Unit 8 Rm: 7
- Unit 8 Bd: 3
- Unit 8 Bth: 1.5
- Unit 8 Ht Av: Y
- Unit 8 A/C: No
- Unit 8 Ref/Rg: Y
- Unit 8 Dep: 1980
- Unit 8 Rent: 1140
- Unit 8 Lease: Y
- Unit 8 Sq Ft: 1000
Location Details
- Municipality: Stevens Point, City of
- County: Portage County
- Directions: Division St to E on Dixon
- Area Desc: Stevens Point
- ZONING: Commercial
Property Details
- Below Grade Fin Sq Ft: 500
- BelowGrade UNFINISHED Sqf: 5932
- Above Grade Fin Sq Ft: 12864
- CONSTRUCTION: Brick
- Acreage: .42
- Sale/Rent: For Sale
- Annual Rent: 121,680
- Age: 55
- OCCUPANCY: At Closing,Tenant Rights
- Present Use: Rental
Property Features
- INTERIOR: Gas Dryer Hookup,Humidifier,Laminate,Vinyl Floors
- Style: 2 Story
- ROOF: Shingle
- BASEMENT: Block,Storage Area,Unfinished
- Basement: Yes
- HEAT TYPE: Hot Water/Steam
- FUEL TYPE: Natural Gas
- GAS: Master Meter
- ELECTRICITY: Master Meter,Separate Meter
- Parking: 2 Space,Blacktop/Asphalt,Gravel,Off Street
- Garage Capacity: None
- WATER: Meter (s)
- Waterfront: No
- UTILITY/LAUNDRY: Coin-Op Dryer,Coin-Op Washer,Common Laundry Area
- Sewer/Water: Pb Sewer/Pb Water
- Septic Type: City
Features
Amenities:
- Fire Alarm
- Smoke Detectors
Fees&Taxes
- Tax Amount: $ 10.00
- Tax Year: 2022
Miscellaneous
- Annual Expense: 28,618
- Net Income: 93,062
- Electronic Consent: Yes
- Confidential: No
- Poss: Closing
Courtesy of
- Office Name: RE/MAX EXCEL
- Contact: Phone: 715-212-3967