WI > Mondovi
Mondovi, WI 54755,452 Franklin Street #1 and 2
Mondovi, WI 54755,452 Franklin Street #1 and 2
Mondovi, WI 54755,452 Franklin Street #1 and 2
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$145,000
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1,712 SqFt
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452 Franklin Street #1 and 2 Mondovi, WI 54755

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O'Connor Realty Group

O'Connor Realty Group

+1(715) 823-5144

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1501-1750

Square Footage 1,712 sqft

Price per Sqft $84

Municipality MONDOVI

MLS Listing ID 1597243

Year Built 1900

Annual Tax Amount $1,450

Tax Year 2024

Lot Size 8,877 Sqft

Acres 0.2038

Property Description

100% Leased Duplex With Long-Term Tenants + Recent Capital Improvements. This fully leased duplex is an excellent fit for investors, especially those looking to make a smart first step into multifamily ownership with an estimated cap rate of 9%, depending on operating costs and management strategy. The property includes two 2-bedroom, 1-bath units, both occupied with leases secured through June and July of 2026, providing consistent and predictable income. The duplex generates $1,425/month ($17,100/year) in current rent. Both tenants are already accustomed to online rent payments and automatic late-fee structures, offering smoother collections for any buyer who prefers to continue with a digital platform (currently apartments.com). A new roof installed in 2022 and electrical upgrades completed in 2024 provide recent major updates significantly reducing near-term maintenance concern. This duplex presents a straightforward, financially sound opportunity for a buyer seeking stable tenancy, updated systems, and a property that performs without requiring heavy repositioning. A strong choice for anyone building a small investment portfolio or stepping confidently into income-producing real estate.

Location

State WI

County Buffalo

Zoning Residential-Multifamily

Direction From the 4 way stop in Mondovi head East on Hwy 10. Turn Right on N Franklin St. 452 N Franklin St in on the Right.

Rooms

Basement Crawl Space, Partial, Stone

Interior

Interior Features Circuit Breakers

Heating Natural Gas

Cooling Wall A/C, Forced Air

Exterior

Exterior Feature Porch

Building

Building Age 21+ Years

Dwelling Type Duplex

Sewer Municipal Sewer, Municipal Water

Additional Building Storage Shed

Structure Type Wood

New Construction N

Schools

School District Mondovi

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O'Connor Realty Group

O'Connor Realty Group

Business | License ID: 31657-91

+1(715) 823-5144

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452 Franklin Street #1 and 2

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