Place Perfect Realty

FOR SALE: $234,900 - 1613 n 3rd avenue, wausau, WI

0

Bedrooms

Baths

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Sq Feet

118x168

Lot Size

N

Waterfront

118x168

Lot Size

N

Waterfront

Presenting a distinctive duplex that stands apart from the ordinary, this investment property boasts a prime location near the Tech hub and has undergone a comprehensive top-to-bottom renovation. The duplex features separate utilities, including water, leaving the owner responsible only for taxes and potentially some yard maintenance, unless tenants opt to handle it?a likely scenario. Adding to its appeal is a spacious 2-car garage. Each unit has its own private entry, ensuring optimal tenant privacy. The layout is carefully designed to provide maximum privacy for each tenant, creating a comfortable living environment. Unit 1 is rented for $1,100 (tenant pays utilities), Unit 2 is under a short-term rental for $1,200 (utilities included, for long term rental tenant would pay all utilities. Each unit has a separate meter for gas, electricity & water.,At the listed price, this property is anticipated to yield an impressive almost 7.59% Capitalization Rate (CAP rate), making it a rare and lucrative opportunity in any market. The recent renovations include new flooring, complete drywall and paint updates, a newly installed heating system upstairs with a furnace, upgraded light fixtures, renovated bathrooms and kitchen, and refreshed decks. Additionally, both units feature brand new appliances, transforming them into essentially two entirely new living spaces. This duplex is not just an investment; it's a modern and revitalized living experience. Property is owned by a Real Estate Broker.