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$439,000

708 W Lincoln Avenue, Oshkosh, WI, 54901

3,600 Sq. Ft.

MLS# RAN50334907

Estimated monthly payment:

Built in 1976

$121.94/sqft

Taxes: $5,619.86

EXCEPTIONAL INVESTMENT OPPORTUNITY – Per Seller CURRENT 11% CAP RATE! Discover this income-producing 4-plex ideally situated just steps from the UW Oshkosh campus! Offering an impressive 11% cap rate based on current rental income and operating expenses, this property presents an outstanding opportunity for investors seeking immediate cash flow in a desirable rental location. The current owner has made substantial improvements throughout the property, providing the next investor with the benefit of extensive updates already completed. Interior improvements include two beautifully renovated bathrooms with walk-in showers, updated cabinetry and tile flooring, new wood flooring in three units, and fresh paint throughout all four apartments. Exterior and mechanical improvements include updated fascia and soffits, new gutters with leaf guards, restored balconies, security upgrades, updated fire safety equipment, and garage improvements. Additional features include on-site coin-operated laundry, off-street parking/2 car detached garage, and air-conditioning improvements. Conveniently located near UW Oshkosh, downtown amenities, restaurants, and shopping, this property benefits from an established rental history and a location appealing to tenants. With an attractive current return, significant capital improvements, and a desirable location, this is a compelling addition to any investment portfolio. Current ownership is transitioning out of state, creating an opportunity for a new investor to acquire this established income-producing property. Showings by appointment only. Please respect tenants’ privacy; 24 hour notice required. Per seller, showings 10am-4pm only.

Price per sq ft$121.94
Area, sq ft3,600 sq ft
Lot Size, acres0.16
Year built1976
For Sale or RentFor Sale
Parcel Number0504720000
HeatingRadiant
UtilitiesSep Electric Meter, Sep Water Meter/Unit
Above Grade Finished Area, sq ft3600
Water SourcePublic
SewerIn Sanitation District, Public Sewer
Tax Amount$5,619.86

Other Information

Inclusions:
4 refrigerators, 4 ranges, 4 microwaves, 4 ac units, 1 water heater, 1 washer, 1 dryer

Exclusions:
Tenants personal property

Spec Sheet

Contact Agency

Adashun Jones, Inc.

920-923-4433

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Listing Provided by: Knaack Realty LLC | becki@premiervalley-homes.com