850 GARDNER STREET, Wisconsin Rapids, WI 54495

Welcome to this well-maintained 6-unit apartment building, perfectly situated in a neighborhood close to the YMCA, downtown, the river and walking trails. This property offers a fantastic opportunity for both seasoned investors and first-time buyers looking to expand their portfolio. This is a 6-unit property with great income opportunity. Total rents are $3690/month, providing strong cash flow. 4 above ground units each offers 2 beds and 1 bath. Lower-level units have long term tenants, one unit is a studio and the other 1 bed/1 bath. Some property highlights include a strong rental history. The building has undergone many updates including some units with new windo2ws, carpet and vinyl, electrical and plumbing, appliances, and fresh coats of paint. Seller states roof (Duralast) was redone in 2017 with a 15-year transferable warranty. A new boiler was installed in 2020, ensuring efficient heating. The exterior has been sealed and tuck pointed enhancing curb appeal and longevity. The property does have on-site parking in a large 46x50 garage and shared by all tenants.,Current tenant has been taking care of lawn and snow for a reduced rent. Shared laundry facilities has coin-operated laundry is conveniently located in the basement, with machines included in the sale. Don't miss out on this rare opportunity to invest in a well-located, income-generating property with strong potential for appreciation. Schedule a viewing today and explore the possibilities this 6-unit apartment building has to offer! Seller is a licensed Real Estate Sales Person. Pre-approval needed prior to showings. Heat/Water/Sewer included in Rent, Electric paid by tenants. All occupied units have Month 2 Month leases. Unit#1-1 bd 1 bath, new stove & refrigerator, tenants take care of lawn care & snow removal, has been there 20+years. Unit#2-Studio, completely remodeled, plumbing, flooring, paint, kitchen, has 2 electric heaters (as backup), long term tenant. Unit#3-2 bd 1 bath, some new windows. Unit #4-2 bd 1 bath, new windows, electric heaters added, this unit controls heat for whole building, some new electric. Unit #5-2 bd 1 bath, mostly new windows (Feb 2024), new carpet. Unit #6-2 bd 1 bath, some new windows, some new electric, long term tenant.