2217-2225 SIMS AVENUE Active Save Request In-Person Tour Request Virtual Tour
Stevens Point,WI 54481
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID 22503537
Style Other
Year Built 1910
Building Age 21+ Years
Annual Tax Amount $12,627
Tax Year 2024
Property Sub-Type Other
Property Description
Location, Location, Location! Well maintained and turn-key student rental opportunity half a block from the UWSP DUC. The property consists of two buildings on two adjacent parcels. The 2217-2219 building features two units, 5 bedrooms each. The 2221-2225 building features two 4-bedroom units, and one 2 bedroom unit. All bedrooms are filled for the 2025-2026 school year at $1,780/student/semester, for an impressive annual gross rent of $71,200. Tenants pay all utilities, keeping operating costs low. Fantastic onsite amenities with a well maintained asphalt parking lot, backyards, two detached garages, large basements, tenant storage, and onsite coin-op laundry for additional income. The properties have been well cared for many years with no major outstanding deferred maintenance needs. Full list of property updates is available by request. Family owned for 35 years, sellers report NO VACANCIES during that entire period of ownership. Truly a can't miss investment opportunity sure to generate consistent income for many years to come, schedule your showing today!,The taxes above are for both parcel numbers combined. Parcel number 281-24-0833201303 taxes are $6,422.69 for 2024 and parcel number 281-24-0833201302 taxes are $6,205.29 for 2024.
Location
State WI
County Portage
Interior
Heating Natural Gas
Cooling Forced Air
Equipment Refrigerator,Range/Oven,Washer,Dryer
Exterior
Exterior Feature Deck,Porch
Parking Features 4 Car
Garage Spaces 4.0
Utilities Available Separate Electric Meters,Separate Heat,Separate Gas Meters
Roof Type Shingle
Building
Dwelling Type 2 Story
Sewer Municipal Water,Municipal Sewer,Separate Meter
Structure Type Brick/Stone,Vinyl,Aluminum/Steel
New Construction N