1613 N 3rd Ave
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1613 N 3rd Ave
2 Unit Apartment Building $315,352 CAD ($157,676 CAD/Unit) 9.35% Cap Rate Wausau, WI 54401
Executive Summary
Property Overview:
Type: Duplex
Monthly Income: $2,150
Tenant Responsibilities: All utilities paid by tenants
Features:
Two spacious units, upper with 2 bedrooms and 1 bathroom and lower unit is 1 bed and bathroom.
Well-maintained interiors with modern appliances
Ample parking space for tenants
Proximity to public transportation and local amenities
Investment Highlights:
Steady rental income with low owner expenses
Tenants responsible for all utility costs
Potential for rent increases in a growing market
Location:
Situated in a desirable neighborhood with high demand for rentals
Close to schools, shopping centers, and recreational facilities
Financials:
Total Monthly Income: $2,150
Annual Gross Income: $25,800
Owner Expenses: Property $5,232.43 taxes and maintenance
Type: Duplex
Monthly Income: $2,150
Tenant Responsibilities: All utilities paid by tenants
Features:
Two spacious units, upper with 2 bedrooms and 1 bathroom and lower unit is 1 bed and bathroom.
Well-maintained interiors with modern appliances
Ample parking space for tenants
Proximity to public transportation and local amenities
Investment Highlights:
Steady rental income with low owner expenses
Tenants responsible for all utility costs
Potential for rent increases in a growing market
Location:
Situated in a desirable neighborhood with high demand for rentals
Close to schools, shopping centers, and recreational facilities
Financials:
Total Monthly Income: $2,150
Annual Gross Income: $25,800
Owner Expenses: Property $5,232.43 taxes and maintenance
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $315,352 CAD | Property Subtype | Apartment |
| Price Per Unit | $157,676 CAD | Apartment Style | Low Rise |
| Sale Type | Investment | Lot Size | 0.46 AC |
| Cap Rate | 9.35% | Building Size | 1,632 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 8.52 | No. Stories | 2 |
| No. Units | 2 | Year Built/Renovated | 1900/2023 |
| Property Type | Multifamily | Parking Ratio | 1.23/1,000 SF |
| Price | $315,352 CAD |
| Price Per Unit | $157,676 CAD |
| Sale Type | Investment |
| Cap Rate | 9.35% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 8.52 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Lot Size | 0.46 AC |
| Building Size | 1,632 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1900/2023 |
| Parking Ratio | 1.23/1,000 SF |
Unit Amenities
- Cable Ready
- Dishwasher
- Washer/Dryer
- Heating
- Kitchen
- Carpet
- Yard
- Deck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,577 CAD | 816 |
| 2+1 | 1 | $1,506 CAD | 816 |
1 of 1
zoning
| Zoning Code | Multi Unit (Multi Unit / Duplex) |
| Multi Unit (Multi Unit / Duplex) |
1 of 59
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1613 N 3rd Ave
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