For Sale
$369,900

429 Niagara StEau Claire, WI 54703

Turn-key student housing; high rental income.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional turn-key investment opportunity presents a two-unit multifamily property ideally situated in Eau Claire, Wisconsin, at 429 Niagara St, 54703. Built in 1891, this property boasts a total of 1,820 square feet on a 0.19-acre lot. The property currently features six bedrooms spread across the two units, making it highly attractive to student renters. Both units are currently leased for the academic year, ensuring immediate cash flow for the new owner. Its prime location near the University and Water Street is a significant draw for students, guaranteeing consistent occupancy. The property also offers potential for additional rental income from on-site garages (details to be discussed). This owner-user investment is priced at $369,900 and offers a compelling return on investment. The property's historical charm combined with its modern appeal and strategic location makes it an exceptional addition to any investment portfolio. Ownership transfers at closing. MLS#1585148.

Highlights

  • $369,900 asking price.
  • Multifamily property with two units.
  • Six bedrooms total.
  • 1,820 square feet.
  • Built in 1891, situated on a 0.19-acre lot in Eau Claire, WI.
  • Excellent student housing investment opportunity near the University and Water Street; currently fully rented.

Property Details for 429 Niagara St

Property type
Dormitories, Student housing
Square Feet
1,820 SF
Year Built
1891
Lot Size (sq. ft)
8,276 SF
Units
2

Location Insight

City
Eau Claire
County
Eau Claire
State
Wisconsin
Latitude
44.8038663
Longitude
-91.5095246
429 Niagara St, Eau Claire, Wisconsin

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429 Niagara St
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