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Listed by Dan Bowar • Marcus & Millichap-Milwaukee
$ 2,900,000
Est. payment | /mo
1.29 Acres Lot
$ 2,900,000
Est. payment | /mo
1.29 Acres Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1981076
Year Built 1975
Annual Tax Amount $27,518
Tax Year 2025
Lot Size 1.290 Acres
Acres 1.29
Property Description
PRICE REDUCED! - 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.
Location
State WI
County Waupaca
Zoning R-3
Rooms
Basement Block, Laundry Facilities
Interior
Heating Hot Water/Steam
Cooling Hot Water/Steam
Flooring No
Exterior
Exterior Feature Brick, Vinyl
Parking Features Outdoor Space
Building
Water Municipal Sewer, Municipal Water
Schools
Middle Schools Waupaca
High Schools Waupaca
School District Waupaca
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