Newer Off Market (5) Four Plexes & Tri-plex In Menomonie, WI

Opportunity Overview There are five buildings for sale on Timber Terrace which are 4 unit building configuration with 3 (3) bedrooms in each unit There is one building for sale on sixth Street E that is a triplex with 4 (4) bedrooms in each unit and located two blocks away from UW-Stout campus Leases are 12 mons Tenants are typically college students Occupancy rates are consistent and predicable, landlord has never had an unplanned vacancy 50% of units are under lease starting June 1, 2019 Rent charged per bedroom is increasing to $450 per bedroom starting June first 2019 and is reflected below. Property Highlights Over 50% of all units have newly upgraded LVP flooring Units that do not have LVP flooring have a commercial grade carpet All units include cloths washer and drier and dishwasher Ceramic tile in many bathrooms and some kitchens All leases include utilities: cable, internet, garbage service, water/sewer, electric, heat All leases include lawn care and snow removal