2414 Honey Lou Ct Appleton, WI 54915-6216

Listing details for 2414 Honey Lou Ct, Appleton, WI 54915-6216 : Excellent investment opportunity, two 4-unit, townhouse-style buildings for a total of 8 units. 2414 Honey Lou Ct, Units A-D, and 239, 241, 243 and 245 Wilson Ave. The property is 100% occupied with long-term tenants and offers strong in-place cash flow, with annual rental income of $112,920 and NOI of approximately $91,951. At the $1,190,000 asking price, the property offers a 7.73% cap rate. Each unit features a spacious 3-bed, 1.5-bath townhouse-style layout w/ a full private basement. Low-maintenance brick exteriors help minimize ongoing ownership requirements, all utilities are paid by the tenants. With full occupancy, 3-bedroom layouts, long-term tenancy, tenant-paid utilities and strong current financial performance, this is an opportunity to acquire a stabilized 8-unit investment.