For Sale

This 6 unit building is located at 2665 Western Ave. Eau Claire, WI  54703 and is offered for sale at $257,500. 
    
 
It was built in 1980 so you will not have any LBP issues to deal with.  There are four 2bdrm units and two 1bdrm units for gross rent of $2475/mo.  There is also approximately $70-$80/mo. in laundry money from the coin operated washer and dryer in the basement.  You can check out my rental site for other information and pictures at the link below.
 
Three of the apartments have been occupied by the same tenants more than four years and another for three years.  There have not been rents increases for them for the last three leases.  I am a little soft on the increases for long term tenants so I think there is room to improve on the income.  New leases for the two bedrooms will be advertised at $440 and the one bedrooms will stay at $395.
 
Taxes for 2009 were        $4441
Garbage per month               47
Xcel                                       40
Water per month, about        18
 
Please call to get more specifics and with any other questions.
 
Steve Bunge
715-271-9073
 
 
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