Investment Overview

Marcus & Millichap is pleased to present the investment opportunity located at 415 W Fulton Street in Waupaca, Wisconsin. The asset features a 24-unit multifamily property that boasts stable, in-place occupancy and extensive recent capital improvements. The property has completed a significant renovation schedule designed to enhance tenant appeal and improve long-term operational efficiency. Previous ownership has invested heavily in the installation of new roofs, windows, siding, concrete, doors, and interior and exterior trim, creating a well-maintained and attractive community for residents. Additional property enhancements include the replacement of tubs, showers, and plumbing infrastructure, as well as updates to the common areas, helping to reduce future maintenance requirements while improving the overall resident experience. Unit interiors have also been substantially upgraded, with 17 apartments receiving improvements such as updated flooring, appliances, cabinetry, and fixtures. Furthermore, 15 units have been equipped with new air conditioning systems. The property's extensive renovation history positions investors to benefit from a largely upgraded asset while minimizing the capital expenditures often associated with multifamily acquisitions. Overall, this combination of property upgrades and modernized interiors offers investors a rare opportunity to acquire a stabilized multifamily asset with long-term ownership appeal.