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Property profile

2713 Thomas Dr Eau Claire, WI 54701

OFF-MARKET
Apartment buildings
Property ID
US92-1305464
9,032 SF 0.52 ac lot Built 1966
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Property summary

AI-generated overview

This exceptional 12-unit apartment building, located at 2713 Thomas Drive in Eau Claire, Wisconsin, presents a compelling investment opportunity. Built in 1966, the property boasts 9,032 square feet situated on a 0.521-acre lot, zoned for residential multifamily use. The asking price is $1,170,000, translating to $129.54 per square foot. Each of the twelve units features its own gas furnace and individually metered water, contributing to efficient utility management and potentially higher rental income. Two sets of on-site coin-operated laundry facilities provide an additional revenue stream. Residents benefit from tenant storage units in the basement and assigned off-street parking. The property's prime location offers convenient access to schools, Mayo Clinic Health System, Chippewa Valley Technical College, and various restaurants, ensuring high occupancy rates and strong rental demand. The building's well-maintained condition and solid rental history further enhance its investment appeal. This property is an excellent addition to any real estate portfolio seeking stable income and long-term growth. The property is situated in Eau Claire County, Wisconsin, zip code 54701.

Property profile

Verified
Property type Apartment buildings
Year built 1966
Total area 9,032 SF
Lot 0.52 ac (22,695 SF)
UPID US92-1305464

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2713 Thomas Dr Eau Claire, WI 54701
Eau Claire metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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