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Leitner Properties LLC
415 Fulton St, Waupaca, WI 54981
- $2,900,000
Listing courtesy of Marcus & Millichap-Milwaukee.
- List Price
- $2,900,000
- MLS#
- 1981076
- Status
- ACTIVE
- Year Built
- 1975
- County
- Waupaca
- Municipality
- Waupaca
- Acres
- 1.29
Property Description
PRICE REDUCED! - EXTENSIVELY RENOVATED | RENTAL UPSIDE | NEAR-7 PRO FORMA CAP RATE - Fulton Street Estates offers investors a stabilized 24-unit multifamily asset in Waupaca with significant recent capital improvements, remaining rent growth, and exposure to a high-demand rental market. Local apartment communities demonstrate consistently strong occupancy, while Waupaca's stable employment base and sizable senior population support long-term demand. Ownership has completed major upgrades including new roofs, windows, siding, concrete, doors, plumbing, tubs/showers, common areas and exteriors, while 17 units have interior renovations and 15 have new air conditioning. In-place rents remain below market, offering a clear path to NOI growth and a pro forma cap rate approaching 7.
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Additional Information
- Basement
- Laundry Facilities, Block
- Exterior
- Vinyl, Brick
- Garage Description
- Outdoor Space
- School District
- Waupaca
- Middle School
- Waupaca
- High School
- Waupaca
- Courtesy Of
- Marcus & Millichap-Milwaukee
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Source of listing data: Metro MLS. Copyright 2026 Multiple Listing Service, Inc. - All Rights Reserved. Information is supplied by seller and other third parties and has not been verified. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.