East Point Apartments. Great location 40 Unit Apartment Complex located just east of the University of Wisconsin Stevens Point. Five 8 plex buildings all one bedroom apartments on the corner of Fifth, Fourth and Minnesota Avenues in the City of Stevens Point. Lot size is 276 x 270 or 1.71 acres. Each unit is approximately 500 square feet with living room, kitchen, full bathroom and one bedroom with small walk-in closet. Tenants are responsible for heat which is electric baseboard, electricity, hot water that is natural gas. Owner pays for sewer and water. Majority of units rent at $410.00 per month for 12 month lease some at $430.00 per month ($20.00 extra per month for cat) and approximately 3 units at $500.00 per month on a 9 month lease. Total monthly rent is $16,860.00 per month beginning September 2015 with 100% occupancy. 18 Stall garage has laundry room with 6 sets of coin-op washers and dryers. Garage stalls rented as follows 2 @ $35.00, 1 @ $45.00, 13 @$40.00 and owner has 2 @$0.00. Total current monthly income is $635.00 per month for the garages. Additional separate two stall garage is used by owner as workshop and storage for repairs items. Well maintained complex with excellent rental history. Total yearly income for 2014 $202,911.00 and 2015 beginning in September is $212,600 that includes garage and laundry income. 2014 total expenses were $60,038.45. Please only serious qualified buyer’s. Contact listing agent for all showings.
|Type: Complex||Sale/Rent: S|
|Units: 40||Municipality: Stevens Point, City Of|
|Area: Stevens Point||Parking: Corner Of Fifth And Four|
|School District: Stevens Point Area||Lot Size: 1.71 Acres|
|Age of Home: 40||Style: 2 Story|
|Body of Water:|