974 W State St, Mauston, WI 53948

Description

Seven units. Five buildings. Offered at $277,500 in Mauston. This investment package includes a triplex, three two-bedroom, one-bathroom single-family homes, and one three-bedroom, one-bathroom single-family home. All units are currently occupied, and showings require at least 48 hours of notice. The property will be delivered vacant and prepared for rehabilitation at closing. For an experienced investor or contractor, this property offers the potential to build equity through renovation and establish rental income across seven units. An investor who manages the project and performs portions of the work may have opportunities to control costs. This is not a turnkey rental. One house has a new roof, while renovation needs vary throughout the property. Some buildings have failed roofs, and some homes have significant water damage. Health and safety concerns require assessment and remediation. Based on preliminary estimates, the combined retail value after completed repairs and renovations could potentially reach $705,000 or greater, subject to supporting comparable sales, finished