Turnkey 3-Unit Investment Property in Monroe, WI
1303 14th Ave offers a strong mix of rental income and long-term tenant stability. This well-maintained triplex includes:
•Unit 1: 2-bedroom with a long-term tenant paying $800/month
•Unit 2: Studio unit – fully updated, vacant, with new flooring and new water heater (perfect for setting new rent)
•Unit 3: 2-bedroom with a long-term tenant paying $950/month
All units are on month-to-month leases, giving flexibility to adjust rents or reposition the property. Each unit has separate basement access for storage or potential laundry. The exterior has been updated with newer siding, minimizing deferred maintenance.
Total current rents: $2,400/month
Plenty of upside in raising the studio rent or converting to annual leases.
Great opportunity for a house hacker, investor looking for cash flow, or 1031 exchange.