505 N 6th St - Apartments FOR SALE


Wausau, WI 54403
$1,899,000 USD
715-573-8625
505 N 6th St, Wausau, WI for Sale
$1,899,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

505 N 6th St
Wausau, WI 54403


HIGHLIGHTS

  • High traffic corner
  • Adjacent to Downtown
  • Low occupancy

OVERVIEW

Fantastic 24 unit complex in the heart of Wausau. 16 one bedroom units and 8 two bedroom units across two buildings. Both buildings have hadseveral updates in the last 5 years. Updates include new roofs on both buildings, new boiler in 2021 in 505 6th st, new decking stairs in bothbuildings, new landscaping on both buildings, new flooring in 19 of the units, and more. Currently the buildings bring in over $17,000 per monthplus the income from a coin operated washer and dryer. If you are looking to expand your investment portfolio or get into larger buildings this isa must see! Schedule your showing today!

FOR SALE DETAILS

PRICE

$1,899,000 USD

PRICE/SF

$184 USD /SF

# OF UNITS

24

PRICE/UNIT

$79,125

CAP RATE

Request Cap Rate

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

Multi family

APN/PARCEL ID

291-2907-253-0401,291-2907-253-0418

ASK ABOUT THIS PROPERTY

Phillip LarkinFirst Weber Realtors - WausauMore Info
715-573-8625

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Phillip LarkinFirst Weber Realtors - WausauMore Info
715-573-8625

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