404 Olive Street 3, Chippewa Falls, WI 54729

Description

Turnkey investment opportunity with consistent income and low-maintenance ownership. This multi-unit property features three separate units currently generating $2,550 per month in rental income. The property includes a studio unit ideal for single occupants or flexible rental options, an upper-level two-bedroom unit with comfortable living space, and a spacious main-level two-bedroom unit occupied by long-term tenants. The main unit tenants also rent the on-site shop, adding to the overall income stability. This property has been easy to maintain for the current owners, making it a hassle-free addition to any investment portfolio. Whether you are looking to expand your portfolio or step into real estate investing, this property offers steady cash flow and reliable tenancy. All investors are welcome to explore this solid income-producing opportunity.

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Interior Details

  • Above Grade Finished Area2,334 SqFt
  • Appliances IncludedElectric Water Heater, Gas Water Heater, Oven, Range, Refrigerator
  • BasementCrawl Space, Partial
  • Below Grade Unfinished Area1,152 SqFt
  • Building Area Total3,486 SqFt
  • ElectricCircuit Breakers
  • FoundationBlock
  • HeatingBaseboard, Hot Water
  • Living Area2,334 SqFt

Exterior Details

  • ConstructionMetal Siding
  • Lot Size0.19 Acres
  • SewerPublic Sewer
  • Water SourcePublic

Property Details

  • 2025 Taxes$3,127
  • CountyChippewa
  • Number of Units3
  • PossessionSubject To Tenant Rights
  • Property SubtypeTriplex
  • School DistrictChippewa Falls Area Unified
  • StatusActive w/ Offer
  • TownshipCity of Chippewa Falls
  • Unit Number3
  • Water & Sewer Expense$1,400
  • Year Built1880

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MLS# 1600870

$275,000

Triplex, Residential Income Property built in 1880

Acres
0.19 Acres

County
Chippewa

Above Grade
2,334 sq ft

Status
Active w/ Offer

Units

Unit #1  |  $1,150 / Year
Bedrooms: 2  |  Bathrooms (F/H): 1/0
 |  Garage Spaces: 0
Tenant rents out the shop and uses it for their business. ($850 for unit and $300 for shop)

Unit #2  |  $800 / Year
Bedrooms: 2  |  Bathrooms (F/H): 1/0
 |  Garage Spaces: 0

Unit #3  |  $600 / Year
Bedrooms: 0  |  Bathrooms (F/H): 0/0
 |  Garage Spaces: 0

Questions?

Listed By

Listing Office: Property Shoppe Realty, LLC

Listing Agent: Miranda Tulip

Last Updated: May 13th @ 7:23 AM

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