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1408 Strongs Ave
Stevens Point, WI 54481

$3,400,000 USD

Apartments For Sale  •  54,580 SF

Property Details

  • Property Type Apartments
  • Total Building Size 54,580 SF
  • Lot Size 0.98 AC
  • Building Class B
  • Year Built 1923
  • Cap Rate 8.23 %
  • Tenancy Single
  • Zoning CBD
0 Transit Score
88 Walk Score

Highlights

Prominent, 5-story Mediterranean Revival style building designed by historic architect Alfred C. Clas and built in 1923
1st floor features stained glass windows, multiple large murals, restored crown moldings, terrazzo floors, & original woodwork
The multifamily units are some of the largest and most well-appointed in the market with an average unit size of 1,405 SF
Vacant commercial space on the lower level provide for extra revenue potential or a conversion to alternative commercial uses
Abundance of amenities including the Wisconsin River less than 1,000 feet away, the Green Circle Trail, and Main Street one block to the North
Situated on State Trunk Highway 66, minutes West of the Business 51 corrdior, Interstate 39, and Stevens Point Municipal Airport

Property Flyers

Financial Summary (Actual)

Net Operating Income: $319,175 USD (2023)
Cap Rate: 8.23 %
Total Expenses: $198,737 USD

Amenities

  • Dishwasher
  • Laundry Facilities
  • Vintage Building
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range

Public Transportation

AirportDriveWalkDistance
Central Wisconsin 26 min - 19.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Sean Beuche 414-615-7452 CBRE
Sean Beuche 414-615-7452 CBRE