2713 Thomas Dr Eau Claire, WI 54701
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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