429 Niagara St Eau Claire, WI 54703
- Dormitories
- 1,820 SF
- 0.19 lot acres
Current Use by Public Records
- Dormitories
Property Details for 429 Niagara St
- Year built
- 1891
- Lot size
- 0.19 lot acres
- Property size
- 1,820 SF
- Property type
- Dormitories
- Property subtype
- Student housing
Description
This exceptional turn-key investment opportunity presents a two-unit multifamily property ideally situated in Eau Claire, Wisconsin, at 429 Niagara St, 54703. Built in 1891, this property boasts a total of 1,820 square feet on a 0.19-acre lot. The property currently features six bedrooms spread across the two units, making it highly attractive to student renters. Both units are currently leased for the academic year, ensuring immediate cash flow for the new owner. Its prime location near the University and Water Street is a significant draw for students, guaranteeing consistent occupancy. The property also offers potential for additional rental income from on-site garages (details to be discussed). This owner-user investment is priced at $369,900 and offers a compelling return on investment. The property's historical charm combined with its modern appeal and strategic location makes it an exceptional addition to any investment portfolio. Ownership transfers at closing. MLS#1585148.
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
- -91.5095246
- Latitude
- 44.8038663
