1020 1st St - Apartments FOR SALE


Stevens Point, WI 54481
$3,695,000 USD
715-559-9360
1020 1st St, Stevens Point, WI for Sale
$3,695,000 USD
Apartments - FOR SALE
1/26
null | Request Cap Rate

1020 1st St
Stevens Point, WI 54481


OVERVIEW

Located in a highly desirable downtown neighborhood, this 36-unit apartment building presents a rare investment opportunity with substantial revenue upside. Twenty-two of the units are already outfitted with in-unit washer and dryer hookups, enhancing tenant convenience and rental appeal. The property sits on a large site with room for future expansion or redevelopment, offering even greater long-term value. Residents benefit from an attached garage with 36 dedicated parking spaces, an additional large surface parking lot, an elevator, and a shared laundry room for units without in-unit hookups. With strong fundamentals and multiple value-add opportunities, this asset is well-positioned to capitalize on the continued growth and demand in this market.

FOR SALE DETAILS

PRICE

$3,695,000 USD

PRICE/SF

$94 USD /SF

# OF UNITS

36

PRICE/UNIT

$102,639

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pioneer Pointe Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

26

LAND DETAILS

LAND ACRES

1.89 AC

LAND SF

82,328 SF

ZONING

Commercial

APN/PARCEL ID

281-24-0832200602

ASK ABOUT THIS PROPERTY

Bryan RavenChippewa Valley Real EstateMore Info
715-559-9360

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Bryan RavenChippewa Valley Real EstateMore Info
715-559-9360

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.