221 Clay St Montello, WI 53949-9771

This exceptional investment opportunity presents a five-unit multifamily property situated on a 1.07-acre lot in Montello, Wisconsin. The property, built in 1930 and boasting 3,824 square feet of net rentable space, comprises a single, two-story building. Currently operating at 100% occupancy (as of June 4, 2024), the property generates a substantial net operating income (NOI) of $23,750, translating to a compelling 7.01% cap rate. Each of the five units is a spacious one-bedroom, one-bathroom apartment, measuring 765 square feet. Recent renovations have enhanced the property's appeal, featuring updated vinyl plank flooring, renovated bathrooms, and modern kitchens complete with new appliances, cabinets, and countertops. The property's prime location in Montello, conveniently situated near Buffalo Lake and Daggett Memorial Park, offers residents access to recreational amenities. Montello's central Wisconsin location, approximately 60 miles north of Madison and 50 miles west of Fond du Lac, provides easy access to regional amenities and transportation networks. This fee-simple ownership opportunity is priced at $339,000, or $67,800 per unit, representing a strong value proposition in the current market. The property's strong performance and attractive features make it an ideal addition to any investor's portfolio. The property's Class C designation reflects its age and condition, but the recent renovations have significantly improved its desirability and rental income potential.