525 FULTON STREET Wausau WI 54403
Commercial/Industrial
$ 499,900.00
- MLS #: 22402741
- Date added: 06/28/24
- Post Updated: 2024-06-28 13:57:09
- Type: Real Estate For Sale
- Status: Active
- Area: 6752 sq ft
- Year built: 1880
Description
This property package presents a lucrative investment opportunity with stable rental income, recent renovations, and potential for further income from the vacant restaurant space. This listing includes two buildings: Mixed-use building at 525/527 Fulton Street and a 5-plex at 912 N 6th Street. 525 Fulton St – Mixed-Use Building Units: One apartment upstairs (occupied) and a vacant restaurant space downstairs. Vacancy: The downstairs restaurant space, formerly occupied by Taqueria Tres Hermanos, is currently available for a new tenant. Investment Highlights Combined Rental Income: Offers a 7% CAP rate, making it a fantastic investment opportunity. Utilities: The seller pays for all utilities for both buildings. Appeal: Strong rental income potential and recent property improvements. 912 N 6th St – 5-Plex Units: Three one-bedroom units, one two-bedroom unit, and one studio. Occupancy: All units are fully rented and generate excellent cash flow (see attached documents for details). Recent Updates: Remodeled apartments New siding in 2024 New asphalt driveway connecting the two properties. Property is broker-owned.
Rooms&Units Description
- Number of Units: 7
Location Details
- Municipality: Wausau, City of
- County: Marathon County
- Directions: From the 6 St to Fulton
- Area Desc: Wausau
- LOCATION: Corner
Property Details
- CONSTRUCTION: Vinyl
- # of Stories: 2
- # of Buildings: 2
- Building Sq Ft: 5001-10000
- Land Sq Ft: 1-10000
- Sale/Rent: For Sale
- Age: 144
- Present Use: Other
Property Features
- ROOF: Shingle
- HEAT TYPE: Hot Water,Forced Air
- FUEL TYPE: Natural Gas
- Parking: Street Parking,Blacktop/Asphalt
Fees&Taxes
- Tax Amount: $ 0.00
Miscellaneous
- TENANT PAYS: No Expenses
Courtesy of
- Office Name: AMAXIMMO LLC
- Contact: Phone: 715-841-0015