$350,000
SOLD APR 4, 2025

850 Gardner St Wisconsin Rapids, WI 54495

10 Beds
6 Baths
3,480 Sq Ft
10,454 Sq Ft Lot

Recently Sold

$101 Per Sq Ft

17 Days on Market

Highlights

  • Enclosed Parking
  • Brick or Stone Mason
  • Hot Water Heating System
  • 6 Car Detached Garage
  • Ceiling Fan
  • Utility Room

About This Home

As of April 2025

Welcome to this well-maintained 6-unit apartment building, perfectly situated in a neighborhood close to the YMCA, downtown, the river and walking trails. This property offers a fantastic opportunity for both seasoned investors and first-time buyers looking to expand their portfolio. This is a 6-unit property with great income opportunity. Total rents are $3690/month, providing strong cash flow. 4 above ground units each offers 2 beds and 1 bath. Lower-level units have long term tenants, one unit is a studio and the other 1 bed/1 bath. Some property highlights include a strong rental history. The building has undergone many updates including some units with new windo2ws, carpet and vinyl, electrical and plumbing, appliances, and fresh coats of paint. Seller states roof (Duralast) was redone in 2017 with a 15-year transferable warranty. A new boiler was installed in 2020, ensuring efficient heating. The exterior has been sealed and tuck pointed enhancing curb appeal and longevity. The property does have on-site parking in a large 46x50 garage and shared by all tenants.

Last Agent to Sell the Property

Tammi Evans

FIRST WEBER Brokerage Email: homeinfo@firstweber.com License #75626-94 Listed on: 02/24/2025

FIRST WEBER

Last Buyer's Agent

JR Siewert

COLDWELL BANKER- SIEWERT REALTORS License #29934-90

COLDWELL BANKER- SIEWERT REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,111

Year Built

  • Built in 1890

Lot Details

  • 10,454 Sq Ft Lot

Home Design

  • Flat Roof Shape
  • Brick or Stone Mason

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Utility Room
  • Fire and Smoke Detector
  • Range<<rangeHoodToken>>

Flooring

  • Carpet
  • Vinyl

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Stone or Rock in Basement
  • Laundry in Basement
  • Basement Storage

Parking

  • 6 Car Detached Garage
  • Enclosed Parking
  • Common or Shared Parking
  • Parking Garage Space
  • Off-Street Parking

Utilities

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

Community Details

  • 6 Units
  • Coin Laundry
  • Net Operating Income $33,160
  • Building Fire Escape

Listing and Financial Details

  • Assessor Parcel Number 3402967
  • Seller Concessions Not Offered

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,111

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Additional Remarks: Current tenant has been taking care of lawn and snow for a reduced rent. Shared laundry facilities has coin-operated laundry is conveniently located in the basement, with machines included in the sale. Don't miss out on this rare opportunity to invest in a well-located, income-generating property with strong potential for appreciation. Schedule a viewing today and explore the possibilities this 6-unit apartment building has to offer! Seller is a licensed Real Estate Sales Person. Pre-approval needed prior to showings. Heat/Water/Sewer included in Rent, Electric paid by tenants. All occupied units have Month 2 Month leases. Unit#1-1 bd 1 bath, new stove & refrigerator, tenants take care of lawn care & snow removal, has been there 20+years. Unit#2-Studio, completely remodeled, plumbing, flooring, paint, kitchen, has 2 electric heaters (as backup), long term tenant. Unit#3-2 bd 1 bath, some new windows. Unit #4-2 bd 1 bath, new windows, electric heaters added, this unit controls heat for whole building, some new electric. Unit #5-2 bd 1 bath, mostly new windows (Feb 2024), new carpet. Unit #6-2 bd 1 bath, some new windows, some new electric, long term tenant.
  • Class: Multi-Family
  • Lvt Date: 02/24/2025
  • Municipality: Wisconsin Rapids, City of
  • Style: 2 Story
  • Type: Sixplex
  • Year Built: 1890
  • Construction: Brick
  • Geo Subdivision: WI
  • Below Grade Sq Ft: 487
  • Finished Above Grade Sq Ft: 3480
  • Finished Below Grade Sq Ft: 1260
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Range, Washer, Dryer
  • Basement: Yes
  • Interior: Ceiling Fan(s), Smoke Detector, Carpet, Vinyl Floors
  • Basement Type: Full, Laundry Facilities, Lower Basement Laundry, Stone, Storage Area

Exterior Features

  • Roof: Flat

Garage/Parking

  • Garage Capacity: 6
  • Parking: Concrete, Inside Parking, Off Street, Shared
  • Garage: Common Garage, Detached

Utilities

  • Fuel Type: Natural Gas
  • Heat Type: Hot Water
  • Sewer Water: Pb Sewer/Pb Water
  • Water Heater: Natural Gas
  • Septic Type: City
  • Water: Meter (s)
  • Electricity: Separate Meter
  • Gas: Master Meter
  • Laundry: Available On Site, Coin-Op Dryer, Coin-Op Washer, Common Laundry Area
  • Sewer Included: Y
  • Utilities Heat Included: Y
  • Separate Electricity: Y
  • Water Included: Y

Condo/Co-op/Association

  • Amenities: Smoke Detectors, Fire Escape

Schools

  • Wisc Rapids Area Sch Dist: Wisconsin Rapid

Lot Info

  • Acreage: .24
  • Lot Size: irregular
  • Zoning: Commercial
  • Present Use: Rental
  • Geo Address Line: 850 Gardner St
  • Geo Primary City: Wisconsin Rapids
  • Geo Quality: 0.95
  • Geo Zoom Level: 16

Rental Info

  • Annual Rent: 44280

Tax Info

  • Tax Amount: 6111
  • Assessor Parcel Number: 3402967
  • Tax Year: 2024

Multi Family

  • Number Of Units: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 11, 2013
Sold by
Jaecks Linda J
Bought by
Christian Brothers Rentals And Renovatio
Current Estimated Value
$282,523

Purchase Details

Closed on
Mar 21, 2013
Sold by
Eggett William R and Eggett Frances J
Bought by
Jaecks Linda J
Source: Public Records

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Warranty Deed $130,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $175,000 Stand Alone Refi Refinance Of Original Loan
Open $512,000 Undefined Multiple Amounts
Closed $432,000 Undefined Multiple Amounts
Closed $80,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2025 04/04/25 Sold $350,000 0.0% $101 / Sq Ft
02/24/2025 02/24/25 For Sale $350,000 -- $101 / 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 $6,050 $302,000 $13,300 $288,700
2023 $4,110 $145,200 $13,300 $131,900
2022 $4,104 $145,200 $13,300 $131,900
2021 $4,004 $145,200 $13,300 $131,900
2020 $3,846 $145,200 $13,300 $131,900
2019 $3,824 $145,200 $13,300 $131,900
2018 $3,749 $145,200 $13,300 $131,900
2017 $3,487 $132,000 $14,400 $117,600
2016 $3,459 $132,000 $14,400 $117,600
2015 $3,436 $132,000 $14,400 $117,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Wisconsin Multiple Listing Service

MLS Number: 22500619

Central Wisconsin Multiple Listing Service

APN: 3402967