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$ 199,900
Est. payment | /mo
$ 199,900
Est. payment | /mo
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 22602998
Year Built 1922
Annual Tax Amount $2,503
Tax Year 2025
Property Description
Investment Opportunity in Stratford ? Long-Term Tenants and Income Growth Potential Add a well-established upper-and-lower duplex to your investment portfolio at 213400 Legion Street in Stratford. Offered at $199,900, the property was professionally appraised for $207,000 on April 10, 2026, providing an attractive opportunity for an investor seeking immediate rental income with potential for future growth. Both spacious units feature two bedrooms, one bathroom, a large kitchen, a separate dining room and a comfortable living room. Each unit includes its own refrigerator, stove, washer and dryer. The upper unit offers the convenience of an in-unit laundry room, while the lower unit?s laundry area is located in the basement. Electricity, natural gas, and water/sewer are separately metered for each unit, helping simplify utility responsibilities and property management. An oversized detached two-car garage is in very good condition and adds additional value for tenants and the property?s next owner.,Both units have been occupied by the same tenants since 2017. The tenants are currently in good standing and rent on month-to-month arrangements. Current monthly rents are $465 for the lower unit and $415 for the upper unit, producing $880 per month and $10,560 in annual gross rental income. Because rents have not been increased in many years, a new owner may have an opportunity to evaluate rental rates and improve the property?s income over time, subject to applicable lease requirements and Wisconsin law. Square footage per appraisal done April 10, 2026. Located near Stratford schools and community conveniences, this duplex offers an appealing combination of established tenancy, separately metered utilities, included appliances, garage space and value-add potential. Whether you are expanding an existing portfolio or purchasing your first investment property, this is an opportunity worth considering.
Location
State WI
County Marathon
Interior
Interior Features Ceiling Fan(s), Smoke Detector(s), All window coverings
Heating Natural Gas
Cooling Forced Air
Equipment Refrigerator, Range/Oven, Washer, Dryer
Exterior
Exterior Feature Vinyl, Wood
Parking Features 2 Car
Garage Spaces 2.0
Utilities Available Separate Electric Meters, Separate Heat, Separate Gas Meters
Roof Type Shingle
Building
Dwelling Type Duplex,1.5 Story
Sewer Municipal Water, Municipal Sewer, Separate Meter
New Construction N
Schools
Elementary Schools Stratford
Middle Schools Stratford
High Schools Stratford
School District Stratford
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