Segal Goldman Realty Group
Listing: #235747429

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452 Franklin STREET #1 and 2, MONDOVI, WI 54755
$145,000 Built in 1900
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