628 Germania Street 1-3, Eau Claire, WI 54703

Description

Well-located triplex at 628 Germania St offering a solid investment opportunity just minutes from downtown and within easy walking distance off Birch St. This property has a strong rental history with long-term tenants and consistent occupancy. Unit 1 is now vacant after being occupied since 2011 at $900/month (tenant paid electricity and gas), presenting an excellent opportunity for owner-occupancy or the ability to update and increase rents. Unit 2 rents for $775/month with a lease through April 30, 2027; tenants have been in place since 2012 and pays for electricity and gas. Unit 3 rents for $625/month with a lease through July 31, 2026; tenants have been in place since 2021 and pays for electricity and gas. Landlord covers water/sewer, garbage and lawn/snow, while tenants are responsible for their own separately metered electricity and gas. Major recent improvement includes a brand new roof installed on April 2026 featuring a 50-year transferable warranty, offering peace of mind for years to come. Seller is retiring and has moved out of country, property is being sold AS-IS. This property offers immediate income with upside potential through cosmetic updates and future rent adjustments. Ideal for both investors looking to add to their portfolio or owner-occupants seeking to offset their mortgage with rental income. Leases, rent ledgers, and financial statements are available for review with pre-approval or proof of funds.

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