1700 Monroe St - Apartments FOR SALE


Stevens Point, WI 54481
$395,000 USD
715-498-6688
1700 Monroe St, Stevens Point, WI for Sale
$395,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

1700 Monroe St
Stevens Point, WI 54481


OVERVIEW

Rooming House licensed for 24 occupants. Historic “old style rooming house” with 24 plus bedrooms, some with private bathroom, most have shared bathrooms and common kitchen area. Rubber roof and boiler replaced within the last 10 years. Windows and Siding updated in 2003. Huge building with over 7,000 square feet. Current rents are $400/month for a single room with heat, electric, sewer, water, and WIFI included. Property currently being managed by the “Monroe House” providing transitional living for the community. The owner has done the same for the past 30 years with some periods of full occupancy. Fantastic income potential. Great opportunity for private investors, not-for profit organizations to provide affordable housing for the community.

FOR SALE DETAILS

PRICE

$395,000 USD

PRICE/SF

$54 USD /SF

# OF UNITS

24

PRICE/UNIT

$16,458

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Monroe House

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1995

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

-

APN/PARCEL ID

281-24-0832403510,281-24-0832403524

ASK ABOUT THIS PROPERTY

Peter HarrisFirst Weber GroupMore Info
715-498-6688

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Peter HarrisFirst Weber GroupMore Info
715-498-6688

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