TrentHalverson
BEDS0
BATHS
MLS#1981076
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLWaupaca
Listing Courtesy of:
Marcus & Millichap-Milwaukee
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.
Property Features
Property Type: Multi Unit - Multiple
Lot Size: 1.29 Acres
Taxes: $27,518
Year Built: 1975
Appliances
Seller Owned: Dryer
Seller Owned: Washer
Seller Owned: Water Heater
Feature Descriptions
Basement: Block, Laundry Facilities
Building: Apartment Building
Data Source: WIREX_METRO
Days on Site: 1
Exterior: Brick/Stone, Brick, Vinyl
Heating/Cooling: Hot Water/Steam
Parking: Outdoor Space, Inside Parking, Outside
Units: 24
Water/Waste: Municipal Sewer, Municipal Water
Local Schools
High School: Waupaca
Middle School: Waupaca
School District: Waupaca
Listed By / Shown By
Listed By
Agency Name: Marcus & Millichap-Milwaukee
Shown By
Agent Name: Trent Halverson
Agent Phone: (608) 577-2013
Agency Title: Stark Company Realtors
Estimate Your Payment
Estimated Payment
$ 19,748.20 per month $16,545.03 Principal & Interest $2,293.17 Property Tax $910.00 Homeowner's InsuranceChange Payment Information
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415 Fulton Street | MLS# 1981076
This multi-family property located at 415 Fulton Street, Waupaca, WI 54981 is currently listed for sale with an asking price of $3,120,000. Fulton Street is located within the Waupaca school district. Search Waupaca real estate on thalverson.starkhomes.com today.