Executive East Apartments

Monona, Wisconsin

List Price:

Units:

Average Rent/Unit:

Gross Multiple:

Price/Unit:

$2,300,000

 

30

$807/month


7.72


$76,667

​Featured Listing

Property Highlights

Easy Access to Hwy 51, I-90, & Beltline

Low Sub-Market Vacancy

All Units with Updates

Across Street from Aldo Leopold Nature Center

Investment Overview

Executive East, located in the city of Monona, Wisconsin is a 30-unit apartment building built circa 1966 on a total of 0.68 acres. 

All apartments are One Bedrooms with an open kitchen concept and hardwood floors. The property features include an on-site office, maintenance shop, extensive property storage, on-site laundry areas, and private resident storage lockers. The building has glass entry doors with intercom access. The owner has reinvested significant capital into the property, including updated unit interiors, new exterior and interior LED lighting, resealed and striped parking lot, and extensive drainage improvements.

 

Executive East offers affordable rents in a high-cost area and is competitively positioned for rent growth and strong occupancy in an area of sustained commercial development and employment growth.

 

At a price of just 7.7 times’ gross income, Executive East is projected to generate average annual cash returns of 10.5%, and tax-advantaged total returns of more than 17% to 20% per year.

 2011 - 2018

Dean Realty Group, Inc. 

1667 Capital Avenue, Madison, Wisconsin 53705