This spacious side-by-side duplex offers an ideal opportunity for investors, owner-occupants, or anyone looking to build long-term wealth through real estate. Each unit features 3 bedrooms and 2 bathrooms, providing desirable layouts and strong rental appeal. With two separate units, the new owner can house hack by living in one unit while collecting rental income from the other, or rent both units and maximize cash flow. There is also potential to increase rents over time, creating an opportunity to improve overall income and investment performance. Whether you're looking to start your investment portfolio or add another property to an existing portfolio, this duplex offers flexibility, income potential, and plenty of room for future upside!
EXTENSIVELY RENOVATED RENTAL UPSIDE NEAR-7 PRO FORMA CAP RATE - Fulton Street Estates offers investors a stabilized 24-unit multifamily asset in Waupaca with significant recent capital improvements, remaining rent growth, and exposure to a high-demand rental market. Local apartment communities demonstrate consistently strong occupancy, while Waupaca's stable employment base and sizable senior population support long-term demand. Ownership has completed major upgrades including new roofs, windows, siding, concrete, doors, plumbing, tubs/showers, common areas and exteriors, while 17 units have interior renovations and 15 have new air conditioning. In-place rents remain below market, offering a clear path to NOI growth and a pro forma cap rate approaching 7.
Excellent investment opportunity in the City of Waupaca! This duplex is conveniently located just minutes from downtown, offering easy access to shopping, restaurants, parks, and local amenities. Unit 1 features 1 bedroom and 1 bath, while the second offers 2 bedrooms and 1 bath, Unit 3 features 2 bedrooms and 1 bath, Unit 4 features 2 bedrooms and 1 bath. All units are currently occupied by month-to-month tenants, providing immediate rental income with future flexibility. 2 car detached garage. If you?re looking to expand your investment portfolio this is the One! Property offers plenty of potential in a desirable location.
Excellent investment opportunity in the City of Waupaca! This duplex is conveniently located just minutes from downtown, offering easy access to shopping, restaurants, parks, and local amenities. Unit 1 features 2 bedrooms and 1.5 baths, while the second offers 1 bedroom and 1 full bath. Both units are currently occupied by month-to-month tenants, providing immediate rental income with future flexibility. No garage. Whether you?re looking to expand your investment portfolio or owner-occupy in the future, this property offers plenty of potential in a desirable location.
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Waupaca is located in Wisconsin. Waupaca, Wisconsin has a population of 6,252. Waupaca is more family-centric than the surrounding county with 24.56% of the households containing married families with children. The county average for households married with children is 23.59%.
The median household income in Waupaca, Wisconsin is $48,281. The median household income for the surrounding county is $65,070 compared to the national median of $69,021. The median age of people living in Waupaca is 44.8 years.
The average high temperature in July is 81.3 degrees, with an average low temperature in January of 6.9 degrees. The average rainfall is approximately 32.9 inches per year, with 42.2 inches of snow per year.