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Listed by Dan Bowar Marcus & Millichap-Milwaukee
$ 3,120,000
Est. payment /mo
New
415 W Fulton St Waupaca, WI 54981
1 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1981076
Year Built 1975
Lot Size 1 Sqft
Acres 1.29
Property Sub-Type Multi-Family
Property Description
EXTENSIVELY RENOVATED | RENTAL UPSIDE | NEAR-7 PRO FORMA CAP RATE - Fulton Street Estates offers investors a stabilized 24-unit multifamily asset in Waupaca with significant recent capital improvements, remaining rent growth, and exposure to a high-demand rental market. Local apartment communities demonstrate consistently strong occupancy, while Waupaca's stable employment base and sizable senior population support long-term demand. Ownership has completed major upgrades including new roofs, windows, siding, concrete, doors, plumbing, tubs/showers, common areas and exteriors, while 17 units have interior renovations and 15 have new air conditioning. In-place rents remain below market, offering a clear path to NOI growth and a pro forma cap rate approaching 7.
Location
State WI
County Waupaca
Zoning R-3
Rooms
Basement Laundry Facilities, Block
Exterior
Parking Features Outdoor Space
Building
Sewer Municipal Sewer
Water Municipal Water
Structure Type Vinyl,Brick
Schools
Middle Schools Waupaca
High Schools Waupaca
School District Waupaca
Others
Tax ID 34 30 12 79
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