150 1St St Fond du Lac, WI 54935

Property Details for 150 1St St

Year built

1930

Lot size

0.29 lot acres

Property size

6,242 SF

Property type

Residential income homes

Description

This stabilized multifamily investment opportunity comprises two buildings totaling 6,242 square feet on a 0.29-acre lot in Fond du Lac, Wisconsin. The property features seven units – five one-bedroom, one two-bedroom/one-bath, and one studio – all boasting high ceilings, spacious living areas, and updated kitchens with modern appliances, cabinets, and countertops. Built in 1930, this Class C property offers significant value at $465,000, or $66,428.57 per unit, with a compelling 7.28% cap rate and a current NOI of $33,856. The property enjoys 100% occupancy and benefits from on-site laundry facilities and enclosed garage spaces. Its prime location, just two blocks from Main Street, places it within easy reach of St. Agnes Hospital, the Fond du Lac Public Library, Hamilton Park, and the downtown area. Fond du Lac, the county seat of Fond du Lac County, experienced population growth in recent years, supported by major employers such as Ahern Construction, National Exchange Bank & Trust, and Holiday Automotive. This fee-simple ownership presents a strong investment opportunity in a growing Wisconsin market. The property is situated at 150 E 1st Street and 130 E 2nd Street, Fond du Lac, WI 54935.