Koslo Park

Menasha, Wisconsin

List Price:

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Units:

Average Rent/Unit:


 

Confidential

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172

$781/month

 

Property Highlights
Offered by Original Developer

Nearly $230,000 of Rent Upside

Prime Fox Valley Location

Average Tenure = 5.6 Years

Brick Buildings & 180 Detached Garages

Investment Overview

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Koslo Park is a turnkey 172-unit multifamily property developed in 1993-1995 on 11.57 acres in Menasha, Wisconsin. Located in a quiet residential neighborhood adjacent to a city park, the property is comprised of 8 two-story, brick apartment buildings and 4 garage buildings with a total of 180 detached stalls and 190 outdoor parking stalls. The Subject Property offers a balanced unit mix across 3 main layouts: there are 59 One Bedrooms, 68 Two Bedrooms and 45 Two Bedroom 1.5 Bath apartment homes. Common area amenities include coin-operated laundry equipment, detached garages, and an attractive setting with all the amenities of the adjacent Koslo Park. By leveling the rents to market, the next investor will achieve $228,960 in annual rent upside. Koslo Park is a stabilized apartment investment opportunity which has been managed by the original development group to a high standard since construction. Koslo Park offers investors the opportunity to own a signature Fox Valley asset being offered at a discount to replacement cost, while generating leveraged cash returns of 11% and total returns of 17%.