Incredible opportunity to own a piece of history in Downtown Stevens Point. This mixed-use investment property boasts timeless character, modern functionality, and phenomenal rental history. The property features three main floor commercial suites along Main St and five residential second-floor units. With staple businesses consisting of Polito's Pizza, Icon Entertainment Venue, and Agora Makers Market step into ownership knowing commercial tenancy will remain a constant. The residential units offer between four and six bedrooms and have all been updated in the last few years with fresh finishes, appliances, and a shared laundry room. The commercial suites have access to the basement of the building for additional storage and use. With rents totaling $164,347 and expenses around than 15% the DSCR is approximately 1.4 and the Cap Rate is 10.0. Call today to request additional information and add this property to your investment property to your portfolio!
Courtesy of HORNUNG & CO. REAL ESTATE and FIRST WEBER
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