NOT LISTED FOR SALE

2448 4th Ave Stevens Point, WI 54481

Estimated Value: $1,603,053

30 Beds
10 Baths
6,096 Sq Ft
$263/Sq Ft Est. Value

Last Sold October 30, 2018

Last sale price $925,000 $152 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $8,483/month

54 Days on Market

About This Home

As of October 2018

Prime Student Housing Investment! Building consists of 5 Six bedroom, 2 Bathroom Townhouses and a 26' x 50' heated garage with bathroom. Building is fully leased through August 2019. Building has a history of 100% occupancy. Each Townhouse is equipped with stove, 2 Refrigerators, dishwasher & coin operator washer and dryer. There are separate utility meters for each unit, plus a master meter for gas. Garage also has separate meter.

Last Agent to Sell the Property

Mike Yokers

FIRST WEBER License #34570-90 Listed on: 07/25/2018

FIRST WEBER

Last Buyer's Agent

Travis Fonder

KELLER WILLIAMS STEVENS POINT License #75054-94

KELLER WILLIAMS STEVENS POINT

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,500

Year Built

  • Built in 1989

Lot Details

  • Lot Dimensions are 150x150

Parking

  • 4 Car Garage

Home Design

  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Utility Room
  • Washer and Dryer Hookup
  • Fire and Smoke Detector

Kitchen

  • Range
  • Dishwasher

Utilities

  • Hot Water Heating System
  • Separate Meters
  • Master Meter
  • Separate Water Meter
  • Natural Gas Water Heater
  • Public Septic
  • Cable TV Available

Community Details

  • 5 Units
  • Net Operating Income $85,500

Listing and Financial Details

  • Assessor Parcel Number 240828300210

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,500

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Additional Remarks: Recent updates include new roof (2007) new boiler (2012), some kitchens flooring and appliances. Call listing agent for additional information. No showings without pre qualification letter from Buyers Lender.
  • Class: Multi-Family
  • Municipality: Stevens Point, City of
  • Style: 2 Story
  • Type: Complex
  • Year Built: 1989
  • Construction: Vinyl, Wood
  • Dilhcert: Y
  • Geo Subdivision: WI
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Range, Dishwasher
  • Interior: Smoke Detector, Cable Hookup

Exterior Features

  • Roof: Shingle

Garage/Parking

  • Garage Capacity: 4

Utilities

  • Fuel Type: Natural Gas
  • Heat Type: Hot Water
  • Sewer Water: Pb Sewer/Pb Water
  • Water Heater: Natural Gas
  • Septic Type: Public
  • Water: Separate Meter
  • Electricity: Separate Meter
  • Gas: Master Meter
  • Laundry: Hook-up in All
  • Sewer Included: Y
  • Utilities Heat Included: Y
  • Separate Electricity: Y
  • Water Included: Y

Schools

  • Stevens Pt Area Sch Dist: Stevens Point A
  • Stevens Pt School Jr High: P.J. Jacobs

Lot Info

  • Lot Size: 150x150
  • Zoning: Multi-Family
  • Geo Address Line: 2448 4th Ave
  • Geo Primary City: Stevens Point
  • Geo Quality: 0.95

Rental Info

  • Annual Rent: 118200

Tax Info

  • Tax Amount: 18500
  • Assessor Parcel Number: 240828300210
  • Tax Year: 2017

Multi Family

  • Number Of Units: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 16, 2021
Sold by
Copperstone Capital Llc
Bought by
Badger Capital Holdings Llc
Current Estimated Value
$1,603,053

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Outstanding Balance
$127,433
Interest Rate
2.93%
Mortgage Type
New Conventional
Estimated Equity
$1,475,620

Purchase Details

Listed on
Jul 25, 2018
Closed on
Oct 30, 2018
Sold by
A & L Rental Properties Llc
Bought by
Copperstone Capital Llc
Seller's Agent
Mike Yokers
FIRST WEBER
Buyer's Agent
Travis Fonder
KELLER WILLIAMS STEVENS POINT
List Price
$949,000
Sold Price
$925,000
Premium/Discount to List
-$24,000
-2.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.09%
Original Mortgage
$740,000
Interest Rate
4.6%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Badger Capital Holdings Llc $900,000 Caliber Title
Copperstone Capital Llc $925,000 Anderson Obrien Law Firm
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Badger Capital Holdings Llc $720,000
Previous Owner Copperstone Capital Llc $740,000
Closed Badger Capital Holdings Llc $164,398
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/30/2018 10/30/18 Sold $925,000 -2.5% $152 / Sq Ft
07/25/2018 07/25/18 For Sale $949,000 +11.6% $156 / Sq Ft
06/29/2017 06/29/17 Sold $850,000 -1.2% $139 / Sq Ft View Prior Sale
04/27/2017 04/27/17 Pending -- -- --
04/24/2017 04/24/17 For Sale $859,900 +18.4% $141 / Sq Ft
12/07/2012 12/07/12 Sold $726,000 0.0% $119 / Sq Ft View Prior Sale
10/10/2012 10/10/12 Pending -- -- --
10/10/2012 10/10/12 For Sale $726,000 -- $119 / Sq Ft
Source: Central Wisconsin Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $200 $968,000 $67,000 $901,000
2023 $0 $968,000 $67,000 $901,000
2022 $21,906 $848,300 $50,100 $798,200
2021 $21,271 $848,300 $50,100 $798,200
2020 $21,167 $848,300 $50,100 $798,200
2019 $21,071 $848,300 $50,100 $798,200
2018 $19,291 $834,600 $50,100 $784,500
2017 $18,592 $834,600 $50,100 $784,500
2016 $14,574 $587,300 $67,500 $519,800
2015 $14,657 $587,300 $67,500 $519,800
2014 $14,277 $587,300 $67,500 $519,800
Source: Public Records

Agents Affiliated with this Home

  • Mike Yokers

    Seller's Agent in 2018

    Mike Yokers

    FIRST WEBER

    (715) 572-1402

    8 in this area

    12 Total Sales

    Mike Yokers
    Section Image

  • T

    Buyer's Agent in 2018

    Travis Fonder

    KELLER WILLIAMS STEVENS POINT

    Section Image
  • Noah Eschenbauch

    Seller's Agent in 2017

    Noah Eschenbauch

    HOMEPOINT REAL ESTATE LLC

    (715) 252-1184

    68 in this area

    120 Total Sales

    Noah Eschenbauch
    Section Image

  • A

    Seller's Agent in 2012

    AGENT NON-MLS

    NON-MLS OFFICE

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Map

Source: Central Wisconsin Multiple Listing Service

MLS Number: 1804724

Central Wisconsin Multiple Listing Service

APN: 281-24-0828300210

Wisconsin Portage County Stevens Point 54481

2448 4th Ave, Stevens Point, WI

Not Listed for Sale

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