4750 8TH STREET SOUTH Wisconsin Rapids WI 54494-7857
Multi-Family
$ 2,100,000.00
Description
Welcome to this exceptional property, now generating a substantial gross potential income of $21,000 per month! The current owner has transitioned the property to long-term rentals, managing it like a traditional apartment complex to ensure consistent and reliable income. The property features a versatile unit breakdown to cater to various tenant needs: one spacious 3-bedroom apartment, sixteen kitchenette units, two kitchenette suites, and eleven traditional motel units. Significant updates have been made throughout, including new furnishings, water heaters, windows, and upgraded insulation. High-speed WiFi services all units, and many feature updated flooring for added comfort. Enjoy the convenience of keyless door access in most units. Located on a highly trafficked corner, this property boasts high visibility and easy access to food and shopping, making it a prime choice for tenants. The outdoor pool adds a touch of luxury and relaxation. This property offers a blend of modern amenities and a convenient location, making it a valuable investment opportunity.
Location Details
- Municipality: Wisconsin Rapids, City of
- County: Wood County
- Directions: 8th and Griffith Ave
- Area Desc: Wisconsin Rapids
- ZONING: Commercial
Property Details
- BelowGrade UNFINISHED Sqf: 200
- Above Grade Fin Sq Ft: 12519
- CONSTRUCTION: Wood
- Sale/Rent: For Sale
- Annual Rent: 224328
- Age: 2024
- OCCUPANCY: Tenant Rights
Property Features
- APPLIANCES: Refrigerator,Range,Dishwasher,Washer,Dryer
- Style: 1 Story
- ROOF: Composition,Shingle,Flat
- BASEMENT: Crawl Space,Partial
- Basement: Yes
- HEAT TYPE: Baseboard,Wall Furnace
- FUEL TYPE: Electric
- COOLING: Wall/Sleeve Air
- GAS: No Meter
- ELECTRICITY: Master Meter
- Parking: Blacktop/Asphalt,Off Street,Parking Lot,Paved,Shared
- Garage Capacity: None
- WATER: No Meter
- WATER HEATER: Electric
- Waterfront: No
- UTILITY/LAUNDRY: Common Laundry Area
- Sewer/Water: Pb Sewer/Pb Water
- PATIO/DECK: Patio
- Utilities-Heat Included: Y
- Utilities - Elec Included: Y
- Utilities- Water Included: Y
- Utilites - Sewer Included: Y
Features
- Out Building
- Pool
Courtesy of
- Office Name: eXp Realty, LLC
- Contact: stearnsgrouprealestate@gmail.com