4750 8TH STREET SOUTH Active Save Request In-Person Tour Request Virtual Tour
Wisconsin Rapids,WI 54494
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 22402979
Property Description
Welcome to this exceptional property, now generating a substantial gross potential income of $21,000 per month! The current owner has transitioned the property to long-term rentals, managing it like a traditional apartment complex to ensure consistent and reliable income. The property features a versatile unit breakdown to cater to various tenant needs: one spacious 3-bedroom apartment, sixteen kitchenette units, two kitchenette suites, and eleven traditional motel units. Significant updates have been made throughout, including new furnishings, water heaters, windows, and upgraded insulation. High-speed WiFi services all units, and many feature updated flooring for added comfort. Enjoy the convenience of keyless door access in most units. Located on a highly trafficked corner, this property boasts high visibility and easy access to food and shopping, making it a prime choice for tenants. The outdoor pool adds a touch of luxury and relaxation. This property offers a blend of modern amenities and a convenient location, making it a valuable investment opportunity.
Location
State WI
County Wood
Zoning Commercial
Interior
Heating Electric
Cooling Baseboard
Equipment Refrigerator,Range/Oven,Dishwasher,Washer,Dryer
Exterior
Exterior Feature Wood
Garage None
Utilities Available 1 Electric Meter,No Gas Meter
Waterfront N
Roof Type Composition/Fiberglass,Shingle,Flat
Building
Dwelling Type Complex,1 Story
Sewer Municipal Water,Municipal Sewer,No Meter
New Construction N
Schools
School District Wisconsin Rapids