4750 8Th StWisconsin Rapids, WI 54494

This exceptional 30-unit apartment building in Wisconsin Rapids, WI, presents a compelling investment opportunity. Priced at $2,100,000, this stabilized multifamily property boasts a substantial NOI of $140,000 and a 6.67% cap rate. The 12,519 square foot complex sits on a 2.19-acre lot and includes six buildings constructed between 1953 and 1989. The property features a mix of unit types, including a 3-bedroom apartment, sixteen kitchenette units, two kitchenette suites, and eleven traditional motel units, catering to diverse tenant needs. Recent upgrades include new furnishings, water heaters, windows, and upgraded insulation in many units. High-speed WiFi is available throughout, and many units feature updated flooring. Keyless door access enhances convenience for residents. The property also includes 57 parking spaces and an outdoor pool. Located on a high-traffic corner, it offers excellent visibility and proximity to shopping and dining. The permitted zoning is commercial. Individual unit amenities include refrigerators, ranges, dishwashers, washers, and dryers (some units/common area). Heating is electric (baseboard and wall furnace), and cooling is provided by wall/sleeve air conditioning units. Electric water heaters are installed. This property offers a blend of modern amenities and a convenient location, making it an attractive investment.