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Listed by David Donnellan • Donnellan Real Estate
$ 259,900
Est. payment /mo
Active
539 Lake ST #1-2 Eau Claire, WI 54703
2,288 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,288 sqft
Price per Sqft $113
MLS Listing ID 1590154
HOA Y/N No
Abv Grd Liv Area 2,288
Year Built 1870
Annual Tax Amount $3,743
Tax Year 2024
Lot Size 8,315 Sqft
Acres 0.1909
Property Sub-Type Duplex
Property Description
This student rental duplex is located in a prime location near campus and offers a strong rental history, making it an excellent investment opportunity. Both units feature updated kitchens and bathrooms and are currently leased to one group of students who rent the entire property. The property generates a base rent of $2,250 per month, with additional income from water and landlord liability fees bringing the total monthly income to $2,422.50. The lease is secured through May of 2026, providing stable cash flow. A detached storage building/garage is currently used by the property manager but offers potential for future rental income or additional storage space.
Location
State WI
County Eau Claire
Rooms
Basement Partial
Interior
Heating Hot Water
Cooling Window Unit(s)
Fireplace No
Appliance Dryer, Dishwasher, Microwave, Oven, Range, Refrigerator, Washer
Exterior
Water Access Desc Public
Building
Foundation Other, See Remarks
Sewer Public Sewer
Water Public
Schools
School District Eau Claire Area
Others
Tax ID 070184
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Brandi Rihn
Broker Associate