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905 S 48th Avenue
Wausau, WI 54401
MLS #1702819

Multi-Family
  • 10units
  • 6,000sq ft
$664,000
Est. P&I payment: $2536.03/mo
905 S 48th Avenue, Wausau, WI 54401
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Description for 905 S 48th Avenue, Wausau, WI 54401
With its net income of over $53,567, this property is being offered at a very attractive cap rate of 8.4%. Very well maintained and managed, 2 story, 10 unit brick rental complex with large parking lot in the city of Wausau. Eight 2 bedroom units and two 1 bedroom units. All units have separate utility meters, basement storage w/electricity and detached garages w/electricity. Each unit is furnished with a refrigerator, stove, dishwasher and garbage disposal. Laundry room w/coin operated washer and dryers on site. Fantastic rental history and in 5 years, never a vacancy, even between tenants! All units have leases. Upper units have balconies and lower units have patios. There is a permitted well with faucet for outdoor use.
MLS #1702819
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My Notes for MLS #1702819

General Features

  • Garage Capacity: 8 or More
  • Lot Size: 250x164x223x192
  • Number of Units: 10
  • Style: 2 Story
  • Type: Complex
  • Unit 1 Bath: 1
  • Unit 1 Bedrooms: 1
  • Unit 1 Rooms: 4
  • Unit 1 SqFt: 750
  • Unit 2 Bath: 1
  • Unit 2 Bedrooms: 1
  • Unit 2 Rooms: 4
  • Unit 2 SqFt: 750
  • Unit 3 Bath: 1
  • Unit 3 Bedrooms: 2
  • Unit 3 Rooms: 5
  • Unit 3 SqFt: 750
  • Unit 4 Bath: 1
  • Unit 4 Bedrooms: 2
  • Unit 4 Rooms: 5
  • Unit 4 SqFt: 750
  • Unit 5 Bath: 1
  • Unit 5 Bedrooms: 2
  • Unit 5 Rooms: 5
  • Unit 5 SqFt: 750
  • Unit 6 Bath: 1
  • Unit 6 Bedrooms: 2
  • Unit 6 Rooms: 5
  • Unit 6 SqFt: 750
  • Unit 7 Bath: 1
  • Unit 7 Bedrooms: 2
  • Unit 7 Rooms: 5
  • Unit 7 SqFt: 750
  • Unit 8 Bath: 1
  • Unit 8 Bedrooms: 2
  • Unit 8 Rooms: 5
  • Unit 8 SqFt: 750
  • Waterfront: No
  • Year Built: 1979
  • Zoning: Other

Exterior Features

  • Patio/Deck: Deck,​Patio
  • Roof: Shingle

Interior Features

  • Basement: Yes
  • Interior: Ceiling Fan(s),​Smoke Detector,​Garage Door Opener,​Security System,​Cable Hookup,​Window Treatments

Utility Features

  • Appliances: Refrigerator,​Range,​Dishwasher,​Disposal,​Washer,​Dryer
  • Electricity: Separate Meter
  • Fuel Type: Electric
  • Heating Type: Baseboard
  • Laundry: Available On Site
  • Septic Type: City
  • Sewer/Water: Pb Sewer/Pb Water
  • Unit 1 A/C: y
  • Unit 1 Ref/Rg: y
  • Unit 2 A/C: y
  • Unit 2 Ref/Rg: y
  • Unit 3 A/C: y
  • Unit 3 Ref/Rg: y
  • Unit 4 A/C: y
  • Unit 4 Ref/Rg: y
  • Unit 5 A/C: y
  • Unit 5 Ref/Rg: y
  • Unit 6 A/C: y
  • Unit 6 Ref/Rg: y
  • Unit 7 A/C: y
  • Unit 7 Ref/Rg: y
  • Unit 8 A/C: y
  • Unit 8 Ref/Rg: y
  • Utilities - Elec Included: N
  • Utilities - Heat Included: N
  • Utilities - Sep Elec: Y
  • Utilities - Sep Ht: Y
  • Utilities - Sewer Included: N
  • Utilities - Sewer: y
  • Utilities - Water Included: N
  • Utilities - Water: y
  • Utility Room: Y
  • Water Heater: Electric
  • Water: Separate Meter

Financial Features

  • Foreclosure: No
  • Sale/Rent: For Sale
  • Short Sale: No
  • Tax Amount: $11201
  • Unit 1 Lease: Y
  • Unit 1 Rent: $550
  • Unit 2 Lease: Y
  • Unit 2 Rent: $520
  • Unit 3 Lease: Y
  • Unit 3 Rent: $590
  • Unit 4 Lease: Y
  • Unit 4 Rent: $640
  • Unit 5 Lease: Y
  • Unit 5 Rent: $600
  • Unit 6 Lease: Y
  • Unit 6 Rent: $650
  • Unit 7 Lease: Y
  • Unit 7 Rent: $570
  • Unit 8 Lease: Y
  • Unit 8 Rent: $650

Community Features

  • Municipality: Wausau,​ City of

School Features

  • Wausau Area School District: Wausau West

Miscellaneous Features

  • Amenities: Smoke Detectors
  • Construction: Brick
  • Present Use: Rental
  • Listing Brokerage: RE/MAX EXCEL

Location

 
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Directions to 905 S 48th Avenue, Wausau, WI 54401
Stewart Ave W to 48th Ave
The listing information for 905 S 48th Avenue, Wausau, WI 54401 was graciously provided by our friends at the listing brokerage, RE/MAX EXCEL

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P&I Payment $2536.03
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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 11/19/2017 at 5:50am
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