For Sale
$875,000

1830 Wheaton StChippewa Falls, WI 54729

Nine-unit apartment building, strong cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a nine-unit apartment building situated at 1830 Wheaton Street in Chippewa Falls, Wisconsin, 54729. The property boasts a total of 7,000 square feet and sits on a one-acre lot. Constructed in 1976, this multifamily property comprises nine units, each featuring two bedrooms and one bathroom. A significant advantage is the inclusion of a detached two-car garage, offering additional value and potential rental income. Further enhancing the property's income stream is a coin-operated laundry facility, generating supplemental monthly revenue. The building enjoys a history of solid rental income, presenting a clear path to increased cash flow. Currently, the landlord covers all utilities; however, electricity is separately metered for each unit, offering potential for cost savings and increased profitability. This property represents a compelling investment opportunity in a stable market, with the potential for immediate returns and long-term growth. The property's location in Chippewa Falls provides convenient access to local amenities and services. This is a turnkey investment ready for a new owner to step in and manage.

Highlights

  • $875,000 asking price.
  • Nine-unit multifamily apartment building.
  • 7,000 square feet.
  • Built in 1976.
  • Located on a one-acre lot in Chippewa Falls, WI.
  • All units are two-bedroom, one-bathroom apartments.

Property Details for 1830 Wheaton St

Property type
Apartment buildings
Square Feet
7,000 SF
Year Built
1976
Lot Size (sq. ft)
43,560 SF
Units
9

Location Insight

City
Chippewa Falls
County
Chippewa
State
Wisconsin
Latitude
44.9478581
Longitude
-91.4081384
1830 Wheaton St, Chippewa Falls, Wisconsin

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1830 Wheaton St
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