Excellent investment for the new investor wanting limited risk. Solid building (partial brick), flooring, paint & other minor updates completed on turns. Other updates as needed. 8-units total, tenants pay all utilities except trash. Projected Cap rate of 7.5% tells the story. If owner occupies or self-manages, that number gets better. Exterior of the building is outstanding, each unit is in good if not very good condition. Water heaters and appliances have been replaced as needed. Some are newer, some are a bit older. Attractive building with no interior common spaces. One of the largest employers in the area (The Dairyland Distribution Center) is just 14 miles away. 50 minutes to Mashfield, Tomahawk or Wasua. If you are looking for a great start to your multi-family portfolio, this is a well run property.
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