415 W Fulton Street, Waupaca, WI 54981
- $3,120,000
Listing courtesy of Marcus & Millichap-Milwaukee.
- List Price
- $3,120,000
- MLS#
- 1981076
- Status
- ACTIVE
- Year Built
- 1975
- County
- Waupaca
- Municipality
- Waupaca
- Baths Full
- 2
- Acres
- 1.29
Property Description
EXTENSIVELY RENOVATED | RENTAL UPSIDE | NEAR-7 PRO FORMA CAP RATE - Fulton Street Estates offers investors a stabilized 24-unit multifamily asset in Waupaca with significant recent capital improvements, remaining rent growth, and exposure to a high-demand rental market. Local apartment communities demonstrate consistently strong occupancy, while Waupaca's stable employment base and sizable senior population support long-term demand. Ownership has completed major upgrades including new roofs, windows, siding, concrete, doors, plumbing, tubs/showers, common areas and exteriors, while 17 units have interior renovations and 15 have new air conditioning. In-place rents remain below market, offering a clear path to NOI growth and a pro forma cap rate approaching 7.
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Additional Information
- TotalTaxes
- $27,518
- Parking
- Outdoor Space, Inside Parking, Outside
- Appliances
- Seller Owned: Dryer, Seller Owned: Washer, Seller Owned: Water Heater
- Basement
- Block, Laundry Facilities
- Exterior
- Brick/Stone, Brick, Vinyl
- School District
- Waupaca
- Middle School
- Waupaca
- High School
- Waupaca
- Courtesy Of
- Marcus & Millichap-Milwaukee
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