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Listed by DAVID DETTMANN • COLDWELL BANKER ACTION
$399,900
Est. payment /mo
4,819 SqFt
Active
511 FRANKLIN STREET Wausau, WI 54403
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UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,819 sqft
Price per Sqft $82
MLS Listing ID 22500816
Year Built 1908
Annual Tax Amount $8,367
Tax Year 2024
Lot Size 8,276 Sqft
Acres 0.19
Property Description
ATTENTION INVESTORS AND ENTREPRENEURS! Here is a rare opportunity to own a piece of Wausau history and a great rental property at the same time! Formerly known as the Rosenberry Inn (named after Judge Rosenberry who lived in the property in the 1930?s), the Bougainvillea Bed & Breakfast consists of 8 individual units, each with its own private bathroom and kitchenette. The units are fully furnished, and romantically capture the feeling of a bygone era. Each room is unique in its own way, and there is a large central kitchen and dining room on the main level which can be rented out for extra income. Full laundry services are on-site in the basement, and there is ample private parking behind the building. Currently each unit is rented on a weekly basis serving as premier short-term housing for guests who visit Wausau from all over the country. All systems in the property have been updated and kept in good repair, and the seller is including a 1-year home warranty with the sale. When fully rented, this property is a ?Cash-Cow?, bringing in around $8,000/month.,As an added bonus, this can be purchased along with 512 Franklin St, known as the ?Devoe House?. Originally built by William DeVoe around 1868, it is thought to be Wausau?s oldest surviving property, and consists of 2 beautifully updated studio units, bringing in appx. $2,000/month when fully rented. Both properties (10 units total) may be purchased as a package for $549,900. Come see these beautiful historic properties today! Property is Agent Owned.
Location
State WI
County Marathon
Zoning Residential
Interior
Heating Natural Gas
Cooling Hot Water, Radiant, Radiant/Electric, Wall A/C
Exterior
Exterior Feature Stucco, Wood
Utilities Available Master Meter
Roof Type Shingle
Building
Sewer Municipal Sewer, Municipal Water
New Construction N
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