$3,120,000

Multi Family In Waupaca

  • 3 Beds
  • 2 Baths
  • 1.29 Ac lot
  • Updated: September 18
  • Source: Wisconsin Real Estate Exchange (WIREX)  MLS#716501302202

About the Property

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
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.
  • Property type

    Other

  • Year built

    1975

Features

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415 Fulton STREET, Waupaca, Wisconsin, United States View on Google Maps
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Marcus & Millichap-Milwaukee - BROOKFIELD

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Marcus & Millichap-Milwaukee - BROOKFIELD
Wisconsin, United States
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Marcus & Millichap-Milwaukee - BROOKFIELD
BROOKFIELD, Wisconsin, United States
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Last updated
September 18
First listed
September 18
Listing reference
716501302202
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