Listing: #235747429
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452 Franklin STREET #1 and 2, MONDOVI, WI
54755
100% Leased Duplex With Long-Term Tenants + Recent Capital Improvements. This fully leased duplex is an excellent fit for investors, especially those looking to make a smart first step into multifamily ownership with an estimated cap rate of 9%, depending on operating costs and management strategy. The property includes two 2-bedroom, 1-bath units, both occupied with leases secured through June and July of 2026, providing consistent and predictable income. The duplex generates $1,425/month ($17,100/year) in current rent. Both tenants are already accustomed to online rent payments and automatic late-fee structures, offering smoother collections for any buyer who prefers to continue with a digital platform (currently apartments.com). A new roof installed in 2022 and electrical upgrades completed in 2024 provide recent major updates significantly reducing near-term maintenance concern. This duplex presents a straightforward, financially sound opportunity for a buyer seeking stable tenancy, updated systems, and a property that performs without requiring heavy repositioning. A strong choice for anyone building a small investment portfolio or stepping confidently into income-producing real estate.
Property Type:
Multifamily
List Price:
$145,000.00
Units:
2
Area
1712 Sqft
Taxes:
$1,450.00
Tax Year:
2024
Year Built:
1900
Lot Size:
-
Total Units:
-
# Stories:
-
Exterior:
Porch
Roofing:
-
Garage / Parking:
-
Heating / Cooling:
Wall A/C,Forced Air /
Wall A/C,Forced Air
Water:
N
Listing Office Name:
RE/MAX Results Eau Claire