2125 3Rd St, Eau Claire, WI

Name: 2125 3Rd St, For Sale in Eau Claire - Zoocasa
Brand: eXp Realty LLC
SKU: 1606240
Price: 500000 USD

House

For Sale

Listed price in listed location currency (USD).

$500,000

000

MLS® 1606240

Overview

Key Facts

Type Residential Land

Levels Land

Size -

Garage

Taxes $5,167

Days Active 2

Lot Size 1.314 Acres

Approx. Age

MLS® Number 1606240

Property Address: 2125 3rd St, Eau Claire, WI, 54703-2949

Average square foot calculated using Size range provided by listing agent.

Description

BUY & BUILD | 38-UNIT MULTIFAMILY DEVELOPMENT OPPORTUNITY Rare opportunity to own and develop approximately 1.32 acres in Eau Claire’s growing Cannery District! This vacant parcel comes with a city-approved development plan for a 38-unit apartment community, offering investors and developers a head start on their next project. The proposed development features two apartment buildings with a mix of studio, 1-bedroom, and 2-bedroom units, along with 17 garage parking stalls and 19 surface parking stalls. Located near downtown Eau Claire, the Chippewa River, parks, trails, and ongoing redevelopment, this property is ideally positioned to take advantage of continued investment and demand for housing in the area. Pro Forma Highlights: • 38 planned apartment units • Approximately 1.32 acres • $675, 051 projected annual rental income • $452, 284 projected annual net operating income • $7, 528, 070 projected stabilized value at a 6.0% cap rate Whether you're an experienced multifamily developer or an investor looking for your next opportunity, this property offers a compelling combination of location, planning, and development potential. BUY THE LAND. BUILD THE VISION. INVEST IN EAU CLAIRE’S GROWTH. Development plans and pro forma available for review. Buyer to verify approval status, remaining permitting requirements, financial projections, and all development details with the City of Eau Claire.

MLS® Number1606240

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age

Basement

Driveway

Garage Spaces

Heat

A/C

Extras

Map

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