Baldwin Apartments
Fully Occupied 4-unit with Brand New Roof & Siding & Separate Utilities!!
Marketing description
Introducing The Baldwin Apartments situated at 1040 7th Ave., Baldwin WI 54002! This charming property offers a mix of three one-bedroom, one-bathroom units and one spacious two-bedroom, one-bathroom unit, providing excellent rental potential. Each unit features comfortable living spaces, with tenants responsible for electricity and heat. Future upgrades include a new roof and exterior siding in 2025. The property boasts ample off-street parking for six cars in a gravel lot. While there is no onsite laundry, the well-maintained apartments make for an attractive investment opportunity. With a solid rental history and potential for increased income, The Baldwin Apartments present a promising prospect for investors looking to expand their portfolio in a thriving rental market. Don't miss the chance to own this lucrative property in a sought-after location! Net operating Income of $20,113+
Investment highlights
Baldwin apartments is a fully stabilized 4-unit located a block off the busy main street. With it being 100% occupied this property is easy to keep full offering one & two bedroom units. All residents pay for their own unit electric and gas for heat. The owner just pays for water and trash. Built around the turn of the century the units are spacious and have some original hardwood floors, original trim, and tall ceilings. A lot of newer vinyl replacement windows. Plenty of off-street parking on the side of the property. Rents are currently below market and have room to organically improve! Net operating income $20,113+
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