Property Details
12-Unit Investment Opportunity in Oconto! This multi-building property includes three solid brick 4-unit apartment buildings on one lot, featuring twelve 2-bed, 1-bath units with a strong rental income of $9,645/month (as of Sept 2022). Rents currently range from $900 to $1,000/month, with most tenants working at a nearby boat company or in the area. The buildings feature newer furnaces, water boilers, basement storage, and common outdoor parking. Recent updates include renovated units and repairs from a January water pipe burst, making this a solid investment opportunity!
Address
1804 Superior Ave.
City
Oconto
State
Wisconsin
Zipcode
54153
Property Sqft
9,900
Lot size
.68 acres
Bedrooms
24
Bathrooms
12
Year Built
1973
Status
Repair & ARV
No immediate repairs needed. Some units are newly renovated.
Rent & Expenses
2022 Rent Roll
1804 (1) - $875.00
1804 (2) - $785.00
1804 (3) - $875.00
1804 (4) - $835.00
1808 (1) - $725.00
1808 (2) - $785.00
1808 (3) - $750.00
1808 (4) - $885.00
1812 (1) - $875.00
1812 (2) - $735.00
1812 (3) - $735.00
1812 (4) - $785.00
Total: $115,740.00
2025 Current rates
$900-$1000/month - Currently partially occupied
Potential: $129,600 - $144,000
2023 Expenses
Tenants cover all electricity except for common areas.
Tenants cover heating for 2 buildings (8/12 of the units).
Landlord total annual utility cost: $14,838
Taxes: $9,951
Insurance: $2,789
Cleaning & Maintenance: $1,832
6% Management Fee: $6,305
Total: $35,715
Net Operating Income
2022 NOI: $80,025
Potential 2025 NOI at full occupancy: $93,885 - $108,285
Gallery
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Bedrooms
Bathrooms
Year Built
Interior size
Bedrooms
Bathrooms
Year Built
Interior size