• 715-571-3510

Learn more about this property

    940 1ST STREET NORTH Wisconsin Rapids WI 54494
    $ 199,900.00

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    • MLS #: 22233347
    • Date added: 08/03/23
    • Post Updated: 2023-09-08 08:19:07
    • Type:
    • Status:
    • Lot Size: 107x149
    • Year built: 1884

    Description

    Amazing investment opportunity close to downtown that includes three units: one 3 bedroom, 1 bath and two 1 bedroom, 1 bath units. The interior of the two smaller units of this triplex are newly renovated; the larger unit has some modern updates, but maintains the beauty and character of the original home. The spaces feature a mixture of hardwood floors, new laminate, and tiled bathrooms and all have new, elongated lavatories. A custom made staircase in the upper unit leads to a beautifully redone 400 sq ft loft on the third story of the building. Two units have been freshly painted and have all new LED lighting and faux wood blinds. The brand new, energy efficient infrared electric wall heating systems will be a huge plus for tenants of the two smaller units. The larger unit has a brand new water heater. Both newly redone decks overlook the Wisconsin River and are accessible to all units. The property sits on approximately .5 acres and boasts two separate one stall garages and three parking areas. Rent roll sits at $2,355/month, currently; Per seller the largest unit is rented at well below market value. Most units are on short term leases. Tenants pay all utilities and lawn care and snow removal is the responsibility of the tenant in 940. Laundry hook ups are available in the basement. This is one of multiple units in a portfolio.

    Rooms&Units Description

    • Number of Units: 3
    • Unit 1 Bd: 3
    • Unit 1 Bth: 1
    • Unit 1 A/C: no
    • Unit 1 Rent: 1000
    • Unit 1 Sq Ft: 1200
    • Unit 2 Bd: 1
    • Unit 2 Bth: 1
    • Unit 2 A/C: no
    • Unit 2 Rent: 740
    • Unit 2 Sq Ft: 900
    • Unit 3 Bd: 1
    • Unit 3 Bth: 1
    • Unit 3 A/C: no
    • Unit 3 Rent: 615
    • Unit 3 Sq Ft: 900

    Location Details

    • Municipality: Wisconsin Rapids, City of
    • County: Wood County
    • Directions: baker st to 1st St N
    • Area Desc: Wisconsin Rapids

    Property Details

    • BelowGrade UNFINISHED Sqf: 1690
    • Above Grade Fin Sq Ft: 2930
    • Sale/Rent: For Sale
    • Age: 139

    Property Features

    • Style: 2 Story
    • Basement: Yes
    • Garage Capacity: 2
    • Waterfront: No
    • Sewer/Water: Pb Sewer/Pb Water
    • Utilities - Sep Ht: Y
    • Utilities - Sep Elec: Y
    • Utilities- Water Included: N

    Courtesy of

    • Office Name: EXIT REALTY CW
    • Contact: Phone: 715-321-2825
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