1091 - 1147 6th Street,Port Edwards, WI 54469
Port Edwards, WI 54469
Description
Unique Investment Opportunity - 12-Unit Multifamily Portfolio Exceptional opportunity to acquire three quadplex buildings consisting of 12 total residential units, all situated on a single 4.950 acre tax parcel. This well-maintained investment property offers immediate income with 100% occupancy, as all 12 units are currently leased. Each of the twelve 1,092-square-foot units features a private attached single-car garage, welcoming covered front porch, and an efficient open-concept floor plan. The spacious living and dining areas flow into a well-appointed kitchen offering ample cabinetry, pantry, and included appliancesrefrigerator, range, dishwasher, and microwave. Each unit also includes two bedrooms, 1.5 bathrooms, a laundry/mudroom, and a separate utility room, making these highly desirable rentals for long-term tenants. The buildings were constructed in phases, with Building 1 completed in 2014, Building 2 in 2017, and Building 3 in 2018, providing modern construction and amenities throughout such as in-floor hydronic heat. Situated on a quiet cul-de-sac in a beautifully wooded setting, the property offers an attractive residential environment while remaining conveniently located near area amenities such as Ripple Creek Park and easy access to the Ahdawagum Trail system for 20 miles of hiking/biking trails connecting Port Edwards with Nekoosa to the south and Wisconsin Rapids and Biron to the north. Opportunities to purchase a fully occupied, newer multifamily portfolio of this size are rare. Whether you're expanding an existing investment portfolio or seeking a turnkey income-producing property, this offering provides exceptional value and long-term investment potential. Please note some units have carpet in the living/dining area and bedrooms. Landlord is responsible for lawn care and snow removal.
Details
| MLS # | 22603001 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending-no Show |
| Year | 2014 |
| Days On Site | 56 |
| Listing Provided By | COLDWELL BANKER- SIEWERT REALTORS | JOHN JR SIEWERT |
Features
| Zoning | Commercial |
|---|---|
| Acreage | 4.95 |
Taxes
| Property | 22604 |
|---|
Area Information
| State | WI |
|---|---|
| County | Wood County |
| City | Port Edwards |
| Zip Code | 54469 |
| Area | Wisconsin Rapids |
| Subarea | Wisconsin Rapids |
| Listing VS Median (in 54469) | |
Price: $1,100,000 low | high Med: $359,900 On site: 56 low | high Med: 28.5 | |
Market Activity 54469
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Learn More About This Property
| State | WI |
|---|---|
| County | Wood County |
| City | Port Edwards |
| Zip Code | 54469 |
| Area | Wisconsin Rapids |
| Subarea | Wisconsin Rapids |
| Listing VS Median (in 54469) | |
Price: $1,100,000 low | high Med: $359,900 On site: 56 low | high Med: 28.5 | |