​Featured Listing

IMG_4826.JPG
IMG_7742.JPG

Woodland Park, Oakridge & Stonefield

Lake Delton, Wisconsin

List Price:

Units:

Price/Unit:


 

$41,850,000

396

$105,682

Closed!

Property Highlights

Offered by Original Developer

All Units Feature Private Entries and In-Unit Laundry

Attached & Detached Garages 

Best-in-Class Luxury Apartments

Positioned for Strong Topline Revenue Growth

Google Earth Aerial.jpg
IMG_0488.JPG
IMG_0508.JPG
IMG_7814.JPG
IMG_4814.JPG

396-Unit Multifamily Portfolio Closing Announcement!

$41,850,000 Combined List Price 

Woodland Park Apartments is an immaculately well-maintained 192-unit multifamily property developed in 2002-2004 on a private wooded setting totaling 40.6 acres of land in the village of Lake Delton, Wisconsin. Woodland Park I is comprised of 3 two-story apartment buildings and 4 detached garage buildings, for a total of 40 units with 36 detached stalls. Woodland Park II is comprised of 11 two-story apartment buildings and 11 detached garage buildings, for a total of 152 units with 136 detached stalls. Woodland Park is a turnkey, signature multifamily opportunity providing superior unit and common areas amenities and significant economies of scale rarely available in the Wisconsin market with rapidly increasing housing costs and a shortage of affordable housing. Therefore, the property is uniquely positioned to produce strong topline revenue growth for the next investors.


Oakridge & Stonefield are two apartment communities located in Mauston, Wisconsin. Oakridge is 104 units built in 2000-2003 and Stonefield is 100 units built in 2005-2007. The properties are comprised of 15 apartments buildings and 13 detached garage structures. Both properties are 100% occupied with significant rent upside. All units include private entries, full size in-unit washer and dryers, attached or detached garages and large open floor plans. The buildings have been maintained to a high standard by the original developer since construction. Oakridge and Stonefield offers investors with an opportunity to acquire stabilized, best-in-class assets with pride of ownership appeal at just 60% of replacement cost. Revenues at the properties have been steady for many years and are poised for significant rent increases that should provide leveraged overall returns of 10%-12% or more.