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1007/1009 Meadow Circle
Wausau, WI 54403
MLS #1702369

Multi-Family
  • 2units
  • 3,868sq ft
$239,900
Est. P&I payment: $916.26/mo
1007/1009 Meadow Circle, Wausau, WI 54403
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Description for 1007/1009 Meadow Circle, Wausau, WI 54403
Huge side-by-side duplex in Rib Mountain with excellent rental history. 1007 has 5 bedrooms and 3-full baths with a 2-car attached garage. 1009 has 3 bedrooms and 3-full baths with a 2-car attached garage. Both have central air. 1007 has a lease through 10/31/17 and 1009 is month-to-month. Excellent opportunity for owner-occupied investment. Market rent for the 5-bedroom unit is approximately $1,200/month and for the 3-bedroom unit, approximately $1,100/month. Let's crunch the numbers for an owner occupied investment. Assuming a purchase price of $239,900 with a 5% down payment, the mortgage would be $227,905. Assuming a 30-year fixed loan at 5% would be approximately $1,225 in principal and interest, taxes would be approximately $375 per month, and insurance would be approximately $75/month for a total of approximately $1,675/month not counting maintenance expense. Rent out one side for either $1,100 or $1,200/month and your cost is $475 or $575/month plus maintenance expense. Complete your own analysis using your own assumptions, but a great opportunity.
MLS #1702369
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My Notes for MLS #1702369

General Features

  • Garage Capacity: 4
  • Lot Size: .73 acres
  • Number of Units: 2
  • Style: Bi-Level
  • Type: Duplex
  • Unit 1 Bath: 3
  • Unit 1 Bedrooms: 3
  • Unit 1 Rooms: 8
  • Unit 1 SqFt: 1,934
  • Unit 2 Bath: 3
  • Unit 2 Bedrooms: 5
  • Unit 2 Rooms: 11
  • Unit 2 SqFt: 1,934
  • Waterfront: No

Exterior Features

  • Patio/Deck: Deck
  • Roof: Shingle

Interior Features

  • Basement: Yes
  • Interior: Smoke Detector,​Garage Door Opener,​Master Bath

Utility Features

  • Appliances: Refrigerator,​Range,​Dishwasher
  • Electricity: Separate Meter
  • Fuel Type: Natural Gas
  • Gas: Separate Meter
  • Heating Type: Forced Air
  • Laundry: Hook-up in All
  • Sewer/Water: Pb Sewer/Pb Water
  • Utilities - Elec Included: N
  • Utilities - Heat Included: N
  • Utilities - Sep Elec: Y
  • Utilities - Sep Ht: Y
  • Utilities - Sewer Included: N
  • Utilities - Water Included: N
  • Water: Separate Meter

Financial Features

  • Foreclosure: No
  • Sale/Rent: For Sale
  • Short Sale: No
  • Unit 1 Rent: 850
  • Unit 2 Rent: 750

Community Features

  • Municipality: Rib Mountain,​ Town of

School Features

  • Wausau Area School District: Wausau West

Miscellaneous Features

  • Construction: Vinyl
  • Listing Brokerage: HOLSTER MANAGEMENT

Location

 
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The listing information for 1007/1009 Meadow Circle, Wausau, WI 54403 was graciously provided by our friends at the listing brokerage, HOLSTER MANAGEMENT

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P&I Payment $916.26
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Greater Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Greater Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Listing information courtesy of Central WI Multiple Listing Service, Inc. Copyright © 2003 – 2017 Central Wisconsin Multiple Listing Service, Inc. All rights reserved.
Last Updated 09/23/2017 at 7:28pm
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