511 Franklin St - Hospitality FOR SALE


Wausau, WI 54403
$479,950 USD
239-265-5291
511 Franklin St, Wausau, WI for Sale
$479,950 USD
Hospitality - FOR SALE
1/34
null | Request Cap Rate

511 Franklin St
Wausau, WI 54403


HIGHLIGHTS

  • Located near Rib Mountain Ski Hill, which attracts over 400,000 visitors annually, offering strong tourist traffic.
  • The eight units include kitchenettes, private bathrooms, 43" smart TVs, hardwood floors, and keyless entry.
  • The property earned $105,000 in the past 36 months and is projected to generate $42,000 annually with 30-50% occupancy.
  • To review financials, please fill out and submit the NDA to the provided contact.

OVERVIEW

The property spans 4,819 square feet across three stories and consists of eight units, including seven studio suites and one two-bedroom apartment. Each unit is equipped with its own private kitchenette and bathroom, and there is a community shared kitchen for additional convenience. The property also offers on-site laundry facilities. Heating is provided by central heat, with additional cooling from window AC units and ceiling fans. The property has over $10,000 in trade fixture value and has generated approximately $105,000 in gross revenue over the past 36 months of operation. Based on a 30-50% occupancy rate year-round, it is projected to earn around $42,000 in gross annual revenue. In 2022, Wisconsin attracted 111.1 million tourists, and the nearby Rib Mountain Ski Hill draws over 400,000 visitors each year, providing a steady stream of potential clientele. To review financials, please fill out and submit the NDA to the provided contact. The units feature a mix of twin, queen, and king-size beds, hardwood floors, keyless security code entry, and on-site surveillance cameras for added security. Each unit is equipped with a 43" smart television, microwave, mini-fridge, and either a shower/tub combination or walk-in shower. Porcelain sinks are featured in the bathrooms, and four fireplaces add a cozy touch to the property.

FOR SALE DETAILS

PRICE

$479,950 USD

PRICE/SF

$100 USD /SF

# OF ROOMS

8

PRICE/ROOM

$59,994 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bougainvillea Bed and Breakfast

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1908

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

R3

APN/PARCEL ID

291-2907-253-0332

ASK ABOUT THIS PROPERTY

Krystal EdwardsLandshark Real Estate GroupMore Info
239-265-5291

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Krystal EdwardsLandshark Real Estate GroupMore Info
239-265-5291

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.