223 Franklin AveNeenah, WI 54956

Property Details for 223 Franklin Ave

Year built

1900

Lot size

0.17 AC

Property size (Sq ft)

2,614 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a stabilized multifamily property in Neenah, Wisconsin. Comprising two buildings on a 0.17-acre lot, this Class C property boasts a total of 2,614 square feet and features two units, each situated within a two-story structure built in 1900. The property's strong financial performance is highlighted by a substantial net operating income (NOI) of $26,000, translating to an attractive 10.40% capitalization rate. The asking price is $249,900. Located at 223 E Franklin Ave, Neenah, WI 54956, this property benefits from a prime location near downtown, schools, and parks. Both units have undergone recent updates, ensuring immediate rental income potential. This presents a rare chance to acquire a well-maintained, high-yield investment property in a desirable Wisconsin location. The property is zoned for multifamily use and offers a unique opportunity for owner-occupancy or expansion of an existing rental portfolio. The property's strong cash flow and convenient location make it an ideal addition to any investor's portfolio. This is a turnkey investment ready for immediate income generation.

Location Insight

City

Neenah

County

Winnebago

State

Wisconsin

Latitude

44.1829

Longitude

-88.461

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