741 JACKSON STREET, Wausau, WI 54403

Property Description

A duplex with character, rental history, and room to build on its potential, 741 Jackson St. is an opportunity worth putting on your investment radar with steel siding on the duplex itself that lasts. Ideally suited for an investor looking to add to their portfolio or an owner-occupant wanting rental income, this Wausau property offers two separate living spaces, a two-car detached garage with vinyl siding, a privacy fenced yard, and alley access, all in one package. The main-level unit offers a relaxing front porch and a comfortable layout with two bedrooms, one bedroom is 13x11 and the other is 13x10 with two closets & a door to the full bath while another door leads from the full bath to the 11x15 living room, and a well-appointed kitchen featuring tile flooring and countertops, a gas stove, refrigerator, dishwasher, and range hood. The main floor unit has a 13x10 finished bonus room with drywalled walls and a drop tile ceiling, has access to the full basement providing laundry hookups, storage, and mechanical space. The furnace is American Standard and there is a 40 gallon gas Rheem water heater (2010), 100 amp electrical panel for each unit. This unit has great rental history with tenant being there for 6 years approximately. (Smart thermostat on wall belongs to tenant. Washer and dryer also belongs to tenant.) Tenant pays $625/month and is on a month to month lease. Main floor tenant does snow removal and lawn cutting for property. To access the upper unit, enter through the finished and enclosed 16x5 rear porch which offers a relaxing space for the upper tenant. Ascend the stairs to the upper unit which features a spacious 17x12 living room, 14x11 kitchen with electric stove and refrigerator, two good sized bedrooms (13x10 with walk-in closet and 13x12), and a full bath with a classic clawfoot tub and shower. Tenant has been there for a little over a year and pays $700/month on a month to month lease. No laundry access currently. Both units offer window A/C for cooling. The upper unit has gravel parking with access from the alley and an exterior shed for storage. The main floor tenant has the 2 car (19 feet wide x 21 feet deep) garage for parking. The garage has vinyl exterior, shingled roof with partially drywalled interior walls and a gas line to hook up a heater. There is concrete floor and Square D electrical panel in garage. (Auto opener currently not operational.) Outside, the property continues to deliver the features investors and tenants value: a privacy fenced yard, gravel parking, alley access, and a substantial 21x19 detached two-car garage. The garage offers a concrete floor, partial drywall, vinyl siding, electrical service, and a gas line hookup, providing excellent utility for tenants or future owners. There is a shed as well. WPS and water are paid by the landlord. Both units are currently month-to-month, offering an investor flexibility moving forward. There is opportunity here to make improvements over time, but this is a great rental in Downtown Wausau close to shopping close to city Transportation bus stops. Two units, existing tenants, If you're looking for your next investment with future upside, 741 Jackson St. deserves a closer look.