1201 Farwell St Eau Claire, WI 54701
- Dormitories
Current Use by Public Records
- Dormitories
Property Details for 1201 Farwell St
- Property type
- Dormitories
- Property subtype
- Student housing
Description
This exceptional investment opportunity presents a portfolio of 24 student housing units strategically located throughout Eau Claire, Wisconsin. The properties are situated at various addresses within Eau Claire County, encompassing a diverse range of locations including South Farwell Street, Niagara Street, Marston Avenue, Seaver Street, Chippewa Street, Broadway Street, and more. Zip codes include 54701 and 54703. The portfolio offers a compelling blend of stability and growth potential, with a total asking price of $6,700,000, translating to an average price per unit of $279,166.67. Monthly rents vary, ranging from $1,080 to $3,220, catering to a diverse market segment within the student population. The properties collectively boast an assessed value exceeding $6.1 million, with a fair market value estimated at over $6.9 million, suggesting significant potential for equity appreciation. Financial performance indicators are strong, including a CAP rate exceeding 6% and a 1.2 rule exceeding 120%. This robust investment opportunity offers consistent rental income, attractive financial metrics, and the potential for substantial long-term value appreciation within the dynamic Eau Claire real estate market. The portfolio represents a rare chance to acquire a well-established, high-performing student housing asset in a thriving college town. This is an ideal investment for those seeking a diversified portfolio with strong cash flow and significant growth potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Eau Claire
- County
- Eau Claire
- State
- Wisconsin
- Longitude
- -91.4916912
- Latitude
- 44.8045532
