539 Lake Street #1-2 Active Save Request In-Person Tour Request Virtual Tour
Eau Claire,WI 54703
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,288 sqft
Price per Sqft $113
MLS Listing ID 1590154
Year Built 1870
Annual Tax Amount $3,743
Tax Year 2024
Lot Size 8,315 Sqft
Acres 0.1909
Property Description
This student rental duplex is located in a prime location near campus and offers a strong rental history, making it an excellent investment opportunity. Both units feature updated kitchens and bathrooms and are currently leased to one group of students who rent the entire property. The property generates a base rent of $2,250 per month, with additional income from water and landlord liability fees bringing the total monthly income to $2,422.50. The lease is secured through May of 2026, providing stable cash flow. A detached storage building/garage is currently used by the property manager but offers potential for future rental income or additional storage space.
Location
State WI
County Eau Claire
Zoning Residential-Duplex
Rooms
Basement Partial,Other-See Remarks
Interior
Interior Features Circuit Breakers
Heating Natural Gas
Cooling Wall A/C,Hot Water
Inclusions Included:Dishwasher,Included:Dryer,Included:Microwave,Included:Oven/Range,Included:Refrigerator,Included:Washer
Equipment Dishwasher,Dryer,Microwave,Range/Oven,Refrigerator,Washer
Exterior
Exterior Feature Aluminum/Steel
Building
Dwelling Type Duplex
Sewer Municipal Sewer,Municipal Water
New Construction N
Schools
School District Eau Claire
Others
Virtual Tour https://my.matterport.com/show/?m=S8GPxDCSbyk