De Pere, Wisconsin
99% Occupancy History
Priced Significantly Below Replacement Cost
12 Minutes to Lambeau Field
Average Tenure of 5.6 Years
Charleston Pointe, located in De Pere, Wisconsin, is comprised of two apartment buildings totaling 102 units. The properties were developed in 1992 and 1994 on 8.22 acres in a prime residential neighborhood.
There is a wide mix of unit types across multiple unique floor plans. There are 16 One Bedrooms, 1 Two Bedroom One Bath and 85 Two Bedroom Two Bath apartment homes. All units feature modern amenities and conveniences such as open kitchens with full appliance packages, six panel solid oak doors and generous floor plans. In addition, 91 units feature natural gas fireplaces and 19 units have vaulted ceilings. The property also features over 1:1 underground parking ratio per unit, elevator service, laundry rooms on each floor, two community rooms, one exercise room and two on-site offices.
Charleston Pointe offers extra spacious floor plans and rents considerably lower than the competition and is positioned for immediate rent upside.
Offered by the original developers, Charleston Pointe is a signature multifamily asset in excellent condition with pride of ownership and overall leveraged returns in the 18-20% range.