414 5th St, Algoma, WI 54201

Property Description

Great investment opportunity in the heart of Algoma! This upper/lower duplex offers 2 spacious units, each featuring 2 bedrooms, 1 full bathroom, a kitchen & dining area, & a comfortable living room. The lower unit has seen recent updates, including newer carpeting & fresh paint & offers the convenience of an in-unit washer & dryer. Each unit has its own furnace & water heater. A detached garage with alley access provides separate garage spaces & individual access for each tenant. Both units are currently rented on a month-to-month basis, with rents of $900 & $850 per month, generating a combined $1,750 in monthly rental income. The seller pays sewer & water, while tenants are responsible for other utilities. Conveniently located near Perry Park, downtown Algoma's restaurants, shops, & local amenities. Whether you're looking to expand your investment portfolio or occupy one unit while generating rental income from the other, this duplex offers a great opportunity. Also Res.MLS147986