MLS# 1601477

609 Mount Nemo Avenue Eau Claire, WI 54703

609 Mount Nemo Avenue , Eau Claire, WI
$559,900.00

Property Remarks

Turnkey 6-unit multifamily investment opportunity located in a desirable Eau Claire location, offering established cash flow and a proven rental history. This well-maintained property provides investors with a stabilized asset featuring several recent interior updates, including new flooring and fresh paint in multiple units, helping reduce near-term capital needs while enhancing overall tenant appeal and long-term durability. The property offers a strong and practical unit mix of four 2-bedroom units and two 1-bedroom units, supporting steady tenant demand and long-term occupancy stability. Each unit includes off-street parking and private basement storage, added conveniences that further strengthen tenant retention in this rental market. Offered at $559,000, equating to approximately $93,167 per unit, this asset presents an attractive value opportunity for multifamily investors. Property was pre-appraised at $660,000 in April 2025, further supporting the property’s strong value proposition and investment potential. Consistent occupancy and reliable income performance, this property presents a stable, low-maintenance investment opportunity in the Eau Claire rental market, well-suited for investors seeking dependable cash flow and portfolio expansion.

Features

County

Eau Claire

School District

Eau Claire Area

Above Grade

4,032 sq. ft.

Below Grade

0 sq. ft.

Year Built

1972

Age

54 yrs old

Style

Multiplex

Property Type

ResidentialIncome

Lot Size

140 x 70 x

Acreage

0.207 acres

Property Taxes

$5,690.75

Additional Features

Basement

CrawlSpace,Other,SeeRemarks

Cooling

None

Electric

CircuitBreakers

Exterior

VinylSiding

Heating

Baseboard

Sewer

PublicSewer

Tax Year

2025

Water

Public

Zoning

Residential-Multifamily

Directions

Business 53/N Hastings Way turn East onto Birch St. Turn North onto Mt Nemo Ave. 2nd building on East side of road.

Includes

ElectricWaterHeater,Oven,Range,Refrigerator

Listing Agency

General Property Management Llc

Buyer Agent Compensation: n/a

NW WI MLS

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