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32835320
32815225

615 Mount Nemo Avenue, Eau Claire, WI 54703

DV
WI 115056-94
Ultra Commercial Realty
Listed by Ultra Commercial Realty
$600,000
14 days on market
Updated 13 days ago
Opportunity zone

615 Mount Nemo Avenue

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,635
Cap Rate 6.8%
NOI $40,800
Occupancy 100%
Price per SqFt $106
Year Built 1972
Buildings 1
Lot Size (SqFt) 8,973
Zoning Multi Family
Ground Lease No
Sale Condition N/A

100% Leased

Marketing description

Offered is a maintained 6-unit apartment building located in a strong multifamily corridor with a proven strong historical occupancy record. Situated in a conforming multifamily area, this property benefits from consistent rental demand and long-term investment stability due to it being located on a public bus route and within close proximity to grocery stores, shopping, and retail amenities, offering excellent accessibility and everyday convenience for tenants. Ideal opportunity for investors seeking steady cash flow in a highly rentable location. Don't miss this opportunity for this property offering a stable scale at 6 units which is easier to manage/finance.

Investment highlights

Stable scale at 6 units easier to manage/finance

Strong historical occupancy rate

Good tenant retention due to proximity to retail and bus line

Some new flooring

Listing Contacts

DV
WI 115056-94
Ultra Commercial Realty
Listed by Ultra Commercial Realty

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$40,800.00
$3,400.00/mo

Valuation Metrics

0
DSCR
6.8%
Cap Rate
6.8%
ROI

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Additional Information

Name
Darin Voegeli
License
115056-94
Brokerage Phone
(715)829-6686
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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