Apartment Buildings /WI /Portage County /Stevens Point /1700 Monroe St
Apartment Buildings /WI /Portage County /Stevens Point /1700 Monroe St

1700 Monroe St - Apartments FOR SALE


Stevens Point, WI 54481 | 
$480,000 USD
507-440-6553
1700 Monroe St, Stevens Point, WI for Sale
$480,000 USD
Apartments - FOR SALE
1/14
null | 11.93% Cap Rate
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1700 Monroe St
Stevens Point, WI 54481

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HIGHLIGHTS

  • All inclusive rental model - tenants pay a flat monthly rate that covers heat, electricity, water, sewer, and WI-FI.
  • Over 9000 square feet of space - lots of communal rooms and plenty of storage space in the basement

OVERVIEW

Licensed 24-unit rooming house with strong income potential. Units currently being repaired with new boiler installation in progress. Opportunity for value-add investment. Building materials included in sale.

FOR SALE DETAILS

PRICE

$480,000 USD

PRICE/SF

$65 USD /SF

# OF UNITS

24

PRICE/UNIT

$20,000

CAP RATE

11.93%

% LEASED

58%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Monroe House

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1995

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

C Commercial

APN/PARCEL ID

281-24-0832403510,281-24-0832403524

ASK ABOUT THIS PROPERTY

Daniel GarzaProsper Real EstateMore Info
507-440-6553

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Daniel GarzaProsper Real EstateMore Info
507-440-6553

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

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