415 Fulton STREET, Waupaca, WI 54981
415 Fulton STREET, Waupaca, WI 54981
415 Fulton STREET, Waupaca, WI 54981
415 Fulton STREET, Waupaca, WI 54981
415 Fulton STREET, Waupaca, WI 54981
415 Fulton STREET, Waupaca, WI 54981
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Kimberly Roering

Kimberly Roering

+1(414) 759-6356
Listed by Marcus & Millichap-Milwaukee
$ 3,120,000
Est. payment | /mo

3 Beds

2 Baths

1.29 Acres Lot

Save
$ 3,120,000
Est. payment | /mo
Save

3 Beds

2 Baths

1.29 Acres Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Municipality WAUPACA

MLS Listing ID 1981076

Bedrooms 3

Full Baths 2

Year Built 1975

Annual Tax Amount $27,518

Tax Year 2025

Lot Size 1.290 Acres

Property Description

EXTENSIVELY RENOVATED | RENTAL UPSIDE | NEAR-7 PRO FORMA CAP RATE - Fulton Street Estates offers investors a stabilized 24-unit multifamily asset in Waupaca with significant recent capital improvements, remaining rent growth, and exposure to a high-demand rental market. Local apartment communities demonstrate consistently strong occupancy, while Waupaca's stable employment base and sizable senior population support long-term demand. Ownership has completed major upgrades including new roofs, windows, siding, concrete, doors, plumbing, tubs/showers, common areas and exteriors, while 17 units have interior renovations and 15 have new air conditioning. In-place rents remain below market, offering a clear path to NOI growth and a pro forma cap rate approaching 7.

Location

State WI

County Waupaca

Zoning R-3

Rooms

Basement Block, Laundry Facilities

Interior

Cooling Hot Water/Steam

Equipment Seller Owned: Dryer, Seller Owned: Washer, Seller Owned: Water Heater

Appliance Seller Owned: Dryer, Seller Owned: Washer, Seller Owned: Water Heater

Building

Dwelling Type Apartment Building

Story 1 - 2

Sewer Municipal Sewer, Municipal Water

Structure Type Brick/Stone,Brick,Vinyl

New Construction N

Schools

Middle Schools Waupaca

High Schools Waupaca

School District Waupaca

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Kimberly Roering

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(414) 759-6356

kimberly@novarealestategroup.net

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415 Fulton STREET