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Listed by Mark Vercauteren • Foxcityhomes.Com, LLC
$ 1,190,000
Est. payment /mo
New
2414 HONEY LOU COURT Appleton, WI 54915
12 Beds
9,120 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,120 sqft
Price per Sqft $130
Municipality FOX CROSSING
MLS Listing ID 50331451
Bedrooms 12
Year Built 1972
Annual Tax Amount $12,580
Lot Size 0.640 Acres
Acres 0.64
Property Description
Excellent investment opportunity, two 4-unit, townhouse-style buildings for a total of 8 units. 2414 Honey Lou Ct, Units A-D, and 239, 241, 243 and 245 Wilson Ave. The property is 100% occupied with long-term tenants and offers strong in-place cash flow, with annual rental income of $112,920 and NOI of approximately $91,951. At the $1,190,000 asking price, the property offers a 7.73% cap rate. Each unit features a spacious 3-bed, 1.5-bath townhouse-style layout w/ a full private basement. Low-maintenance brick exteriors help minimize ongoing ownership requirements, all utilities are paid by the tenants. Seller is a licensed agent
Location
State WI
County Winnebago
Zoning Commercial
Rooms
Basement Full, Poured Concrete
Interior
Heating Natural Gas
Cooling Central Air, Forced Air
Exterior
Exterior Feature Brick, Wood
Utilities Available Separate Electric Meters, Separate Gas Meters, Separate Water Meters
Building
Dwelling Type 2 Story,Apartment Building
Sewer Municipal Water, Municipal Sewer
New Construction N
Schools
School District Menasha
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