For Sale
$6,700,000

1201 Farwell StEau Claire, WI 54701

24-unit student housing portfolio, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a portfolio of 24 student housing units strategically located throughout Eau Claire, Wisconsin. The properties are situated at various addresses within Eau Claire County, encompassing a diverse range of locations including South Farwell Street, Niagara Street, Marston Avenue, Seaver Street, Chippewa Street, Broadway Street, and more. Zip codes include 54701 and 54703. The portfolio offers a compelling blend of stability and growth potential, with a total asking price of $6,700,000, translating to an average price per unit of $279,166.67. Monthly rents vary, ranging from $1,080 to $3,220, catering to a diverse market segment within the student population. The properties collectively boast an assessed value exceeding $6.1 million, with a fair market value estimated at over $6.9 million, suggesting significant potential for equity appreciation. Financial performance indicators are strong, including a CAP rate exceeding 6% and a 1.2 rule exceeding 120%. This robust investment opportunity offers consistent rental income, attractive financial metrics, and the potential for substantial long-term value appreciation within the dynamic Eau Claire real estate market. The portfolio represents a rare chance to acquire a well-established, high-performing student housing asset in a thriving college town. This is an ideal investment for those seeking a diversified portfolio with strong cash flow and significant growth potential.

Highlights

  • Solid investment opportunity with consistent rental income and value appreciation potential.
  • Diverse portfolio with monthly rents ranging from $1,080 to $3,220.
  • Assessed value over $6.1M, estimated market value exceeding $6.9M.
  • Attractive financial metrics: 6% CAP rate and 120% 1.2 Rule.
  • Strong cash flow and growth potential in the Eau Claire market.

Property Details for 1201 Farwell St

Property type
Dormitories, Student housing
Units
24

Location Insight

City
Eau Claire
County
Eau Claire
State
Wisconsin
Latitude
44.8045532
Longitude
-91.4916912
1201 Farwell St, Eau Claire, Wisconsin

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1201 Farwell St
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