This student rental duplex is located in a prime location near campus and offers a strong rental history, making it an excellent investment opportunity. Both units feature updated kitchens and bathrooms and are currently leased to one group of students who rent the entire property. The property generates a base rent of $2,250 per month, with additional income from water and landlord liability fees bringing the total monthly income to $2,422.50. The lease is secured through May of 2026, providing stable cash flow. A detached storage building/garage is currently used by the property manager but offers potential for future rental income or additional storage space.

Property Subtype: Duplex

Style:

Year Built: 1870

County: Eau Claire

School District: Eau Claire Area

Lot: 0.19 Acres

Listing Agency: Donnellan Real Estate

Listing Agent: David Donnellan

Tax Amount: $3,743 for 2024

Unit Information


Interior Features


Basement:

Partial

Cooling:

Window Units

Heating:

Hot Water

Fireplaces:

N

Sewer:

Public Sewer

Exterior and Lot Features


Parking:

Yes

$249,900

Active


539 Lake Street
Eau Claire, WI 54703

MLS# 1590154 | Listed 29 days ago


0 Bedroom | 0 Bathroom