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    315 E Oak Street

    Edgar, WI 54426
    • $544,900
    • STATUS: Active
    • ON SITE: 85 days
    • MLS #: 22103430
    UPDATED: 38 min ago
    $544,900
    • 0
      BEDS
    • 0.66
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1972
    County:
    Area:

    School Ratings & Info

    Description

    Eightplex for sale! Great investment opportunity in Edgar - this 2-story apartment-style property, built in 1972, features nice curb appeal with well-maintained exterior & brick facade, small back concrete patio area, roof (approx. 10 yrs old) and a nice lawn - walking distance to Edgar Softball Park & Oak Street Park, seated on a large 0.66 acre lot. The property offers 8 units each with 2 beds, 1 bath, and 1 covered carport parking stall (additional paved parking spaces as well). Common lower level laundry and 8 storage lockers (1 per unit). Rents range from $580-$660 per unit, approx. $5,000 per month, $60,000+ per year (gross rent income) / the vacant unit rent is currently advertised at $775 - market rents could likely be higher. Each unit is approximately 738 sq ft and features an 11x11 living room, 12x10 eat-in kitchen, 8x5 bathroom, 11x10 bedroom and 12x9 bedroom (measurements are approximate), depending on the location of the unit the room configuration may vary but the sizes are relatively similar. Currently 7 units are rented (1 is vacant). The heat and water/sewer is currently included in the rent payment (paid by the owner), the electricity is separate (paid by the tenants). Baseboard heating and 1 A/C wall unit for cooling per unit. Water/sewer is approx. $4,000 per year and electricity / gas is approx. $3,000 per year (depending on usage / average provided for estimation purposes). The following appliances are included in the sale - refrigerator x8 and stove x8, dehumidifier x2, washer x1 and dryer x2. Overall, this is a well-maintained property with clean hallways and well-kept lower level mechanical room & common areas. Great opportunity to add to your growing portfolio or start as your next investment. Schedule your showing today!

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    © 2021 Central Wisconsin Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or EXIT Midstate Realty. Data last updated: 2021-09-24T20:31:32.017
    www.exitmidstate.com/homes/118865609
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    315 E Oak Street Edgar, WI 54426

    • Price: $544,900
    • Status: Active
    • Updated: 38 min ago
    • MLS #: 22103430
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.66
    Acres
    1972
    Built
    Neighborhood:
    Wausau
    County:
    Marathon
    Area:
    Wausau
    Property Description
    Eightplex for sale! Great investment opportunity in Edgar - this 2-story apartment-style property, built in 1972, features nice curb appeal with well-maintained exterior & brick facade, small back concrete patio area, roof (approx. 10 yrs old) and a nice lawn - walking distance to Edgar Softball Park & Oak Street Park, seated on a large 0.66 acre lot. The property offers 8 units each with 2 beds, 1 bath, and 1 covered carport parking stall (additional paved parking spaces as well). Common lower level laundry and 8 storage lockers (1 per unit). Rents range from $580-$660 per unit, approx. $5,000 per month, $60,000+ per year (gross rent income) / the vacant unit rent is currently advertised at $775 - market rents could likely be higher. Each unit is approximately 738 sq ft and features an 11x11 living room, 12x10 eat-in kitchen, 8x5 bathroom, 11x10 bedroom and 12x9 bedroom (measurements are approximate), depending on the location of the unit the room configuration may vary but the sizes are relatively similar. Currently 7 units are rented (1 is vacant). The heat and water/sewer is currently included in the rent payment (paid by the owner), the electricity is separate (paid by the tenants). Baseboard heating and 1 A/C wall unit for cooling per unit. Water/sewer is approx. $4,000 per year and electricity / gas is approx. $3,000 per year (depending on usage / average provided for estimation purposes). The following appliances are included in the sale - refrigerator x8 and stove x8, dehumidifier x2, washer x1 and dryer x2. Overall, this is a well-maintained property with clean hallways and well-kept lower level mechanical room & common areas. Great opportunity to add to your growing portfolio or start as your next investment. Schedule your showing today!
    Exterior Features

    Construction BrickVinyl Garage Type CarportCommon Garage Parking 2 SpaceBlacktop/AsphaltDriveway EntranceInside ParkingOff StreetParking LotPaved Roof Shingle Stories 2 Story Waterfront YN No

    Interior Features

    Appliances DryerRangeRefrigeratorWasher Basement BlockFullStorage Area Basement YN Yes Cooling Wall A/C Heat Type Hot Water Interior Features Smoke DetectorCable HookupCarpetCommon Storage Area Laundry Available On SiteCoin-Op DryerCoin-Op WasherCommon Laundry Area Sq Ft Above Grade Finished 5904 Sq Ft Below Grade Finished 0 Sq Ft Below Grade Unfinished 2952 Unit1 Bathrooms 1 Unit1 Bedrooms 2 Unit1 Sq Ft 738 Unit2 Bathrooms 1 Unit2 Bedrooms 2 Unit2 Sq Ft 738 Unit3 Bathrooms 1 Unit3 Bedrooms 2 Unit3 Sq Ft 738 Unit4 Bathrooms 1 Unit4 Bedrooms 2 Unit4 Sq Ft 738 Water Heater Electric

    Property Features

    Amenities Fire AlarmSmoke Detectors Auction No Electricity Separate Meter Foreclosure No Fuel Type Natural Gas Gas Master Meter Home Warranty Included No Municipality EdgarVillage Of Present Use Rental Property Type Eightplex Sale Or Rent For Sale Sewer And Water Pb Sewer/Pb Water Short Sale No Tax Amount $4572 Tax Year 2020 Water Meter (S) Wausau Area School District Edgar Zoning Multi-Family

    Listing information © 2021 Mid America Regional Information Systems, Inc.
    Listing provided courtesy of Dakota Karlen of Coldwell Banker Action.


    © 2021 Central Wisconsin Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or EXIT Midstate Realty. Data last updated: 2021-09-24T20:31:32.017
     
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