452 N Franklin ST #1 and 2 new Save Request In-Person Tour Request Virtual Tour
Mondovi,WI 54755
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,712 sqft
Price per Sqft $84
MLS Listing ID 1597243
HOA Y/N No
Abv Grd Liv Area 1,712
Year Built 1900
Annual Tax Amount $1,450
Tax Year 2024
Lot Size 8,877 Sqft
Acres 0.2038
Property Sub-Type Duplex
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
Rooms
Other Rooms Shed(s)
Basement Crawl Space,Partial
Interior
Heating Forced Air
Cooling Window Unit(s)
Fireplaces Type None
Fireplace No
Appliance Gas Water Heater
Exterior
Parking Features Driveway
Water Access Desc Public
Porch Open,Porch
Building
Foundation Stone
Sewer Public Sewer
Water Public
Additional Building Shed(s)
Schools
School District Mondovi
Others
Tax ID 251002240000