512 Fulton Street

Wausau, WI
MLS # 22102370

Sold price:

$289,600

Sold on 06/29/2021

Listed by Coldwell Banker Action

Description

Incredible opportunity in downtown Wausau close to shopping, entertainment, baseball stadium and Wisconsin River walk. This turnkey operation is a cash cow. Brand new rubber roof installed in 2019! The current set up is as follows- UNIT 1: The upper unit has approximately 2,000 sq ft with 3 bedrooms, 2 bathrooms with one being a master suite including a master bath. There is a living room, dining room, kitchen and snack bar. All kitchen appliances are included with the new dishwasher and new washer. There is a reverse osmosis system under the kitchen sink. All window treatments are included. There is a front and back stairway that leads to the upstairs rental. There is a separate furnace and separate A/C unit that serves this unit. The unit receives a separate electric bill. The heating bill is included with the other units. Vinyl windows! The unit is listed on the Airbnb website and rents out for $55/night approximately, with cleaning fees of approximately $50. Each additional person over the first two people are $15 extra/person. If the buyer continues to use the unit as an Airbnb, the owner will include most of the furniture except for the hutch and the items in the hutch and their personal items. The owner has made more money as an Airbnb than they did renting it out as a regular rental. This is a great money maker! UNIT 2: The main level unit has a one bedroom and one full bathroom. There is a kitchen, dinette area and living room as an open concept. All kitchen appliances are included ans the reverse osmosis system under the kitchen sink! The unit doesn't have a washer and dryer. There is a separate furnace and separate air-conditioning that serve this unit. This unit is currently rented through the Airbnb website and rents for approximately $55/night with a cleaning fee of $45 approximately. If this is kept as an Airbnb, most of the furniture can stay except for select pieces. This unit could be rented out as a salon as there was once a salon in here with the dual sinks in the bedroom. UNIT 3: The shop is currently rented by the owner for their decal business and has a half bath in the shop. Epoxy floor in the shop! Only the cabinets and counter on the south wall are staying in the shop. The 9.5' tall overhead garage door has an auto opener and leads to the 40x19 garage with concrete floor and drain. There is a new 2021 furnace in the garage that blows heat into the shop and back studio. There is no A/C for these areas. The back studio has a full kitchen, shower and pellet stove. There are hook ups for washer and dryer. The owner lives in the back studio and will continue renting for $850/month to the new owner. A darkening shade covers the windows between the studio and shop for privacy. There are carpeted stairs to the lower level in the studio with epoxy floor at the bottom, a bonus room that is currently used for the owners quarters. The lower level showcases block foundation and stone foundation. There is a security system and 3 Ring video doorbells included. High speed internet! So clean! Pride of ownership is evident here! There is an easement on the driveway for the neighbor to drive on the driveway to get to their back garage. Don't miss your chance to build wealth with updates and rental processes already done for you! This has bookings into December already! Now is the time to make your move! This information is compiled from miscellaneous sources and is believed accurate but not warranted. Neither the listing broker nor its agents, sub agents or property owner, is responsible for the accuracy of the information. Buyers are advised to verify all information.

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Property Details

Features Multi-Family

Type: Triplex Sale/Rent: S
Units: 3 Municipality: Wausau, City Of
Area: Wausau Parking: 6th Street To Fulton St
Body of Water: Previous Address:

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Listing History

Date Event Change
Jun 30 2021 11:39AM Status Change Sold
May 28 2021 1:23PM Status Change Offer-Show
May 21 2021 9:02AM Price Change $289,512
May 1 2018 4:01AM Status Change Expired
Oct 12 2017 11:02AM Price Change $189,900

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Information believed accurate, but not warranted.

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