1830 Wheaton StChippewa Falls, WI 54729

Property Details for 1830 Wheaton St

Year built

1976

Lot size

1.00 AC

Property size (Sq ft)

7,000 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Chippewa Falls

County

Chippewa

State

Wisconsin

Latitude

44.9479

Longitude

-91.4081

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