Woodland Park is an immaculately well-maintained 192-unit multifamily property developed in 2002-2004 on 40.6 acres of land (across 3 parcels) in the village of Lake Delton, Wisconsin. Woodland park is a turnkey, 'pride-of-ownership' apartment property that has been meticulously maintained by the original developer since construction. The property is located in a vibrant and growing south central Wisconsin market with rapidly increasing housing costs and a shortage of affordable housing and is strategically positioned to produce strong topline revenue growth and competitive cash returns.
Oakridge & Stonefield
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 have a total of 15 apartment 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 produce leveraged overall returns of 10%-12% or more.
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%.
Charleston Pointe is a signature 102-unit multifamily property developed in 1992 and 1993 on 8.22 acres of land. Located in a prime residential neighborhood in De Pere, Wisconsin, the property is comprised of 2 two-story buildings with a total of 111 underground parking stalls and 122 outdoor parking stalls. Charleston Pointe is being offered for sale by the original developer/owner, which has locally and thoughtfully managed the property to a high standard since construction. average floor plans and rents considerably below the competition for immediate rent upside. Charleston Pointe offers investors the opportunity to own a ‘best-in-class’ apartment property with pride of ownership appeal at just two thirds of replacement cost, while generating 8% to 10% cash returns.
Prairie Park is a signature, older-adult tax credit property with a superior occupancy history in a prime location on Madison’s affluent west side. The building offers a business, activity and fitness center. The property offers a variety of floor plans, and each unit features an in-unit washer/dryer, central heat and air conditioning, an open-kitchen concept complete with a full appliance package, a patio or balcony and large bedrooms and bathrooms. With the growing demographic of senior renters, the property is poised for future rent growth. Current in-place
monthly rents are $7,400 below current maximum allowable tax credit rent levels. The Property is offered subject to a Land Use Restriction Agreement (LURA) that expires on December 31, 2032.
Golden Plover is a 244-unit apartment property built from 1982 to 2009 on about 21.8 acres of land in southwest Plover (Stevens Point). The property is south of State Highway 54 and west of US Business 51. The property is comprised of thirty-nine 2-story buildings covering thirty-seven adjacent parcels of land. The property features a mix of one, two, and three bedroom units, and over 208,000 rentable sqaure footage in total. 200 apartments feature detached garages and 44 units feature attached garage parking.
Villa West is a 170-unit Elderly Section 8 apartment community located in the City of Green Bay, WI. The property is comprised of 10 two-story buildings, one community center and office, and one free-standing maintenance facility. Villa West is comprised of 1 Bedroom/1 Bath units that feature a refrigerator, range/oven, window coverings, storage closets, and on-site parking, all located on an expansive 7.5-acre site.
Hanover Square is a 65-unit apartment community developed in 2001-2002 on roughly 4.17 acres of land on the east side of Madison, Wisconsin. The property is comprised of one 3-story building with 33 units and underground parking (2461 Old Camden Square), and three townhouse-style buildings totaling 32 units, each equipped with a private attached garage. The unit mix is spread across one, two, and three bedroom floor plans. Apartment occupancy has been an exemplary 98.5% since 2012.
Silvernail is an exclusive offering of 128 apartments, with an additional 2 office tenants, located in the booming downtown corridor of La Crosse, Wisconsin. There is ample outdoor parking totaling 181 outdoor stalls. Rents are among the lowest in the La Crosse submarket, and offer an exceptional value which has led to superior current and historic occupancies. Offered at a 7.5% cap rate, Silvernail offers the next investors 15% initial cash returns or more.
Rock Bay Harbor
Rock Bay Harbor is a 97-unit apartment building Beloit, Wisconsin. The property is comprised of one three-story property, along with ample outdoor parking and a gazebo. Each apartment is furnished with a patio or balcony, and full kitchen. The property also features heated underground parking stalls, an on-site office, community room with full kitchen, and on-site
laundry. Rock Bay Harbor is a well-maintained property designated for seniors with a superior the growing demographic of senior renters, the property is poised for future rent growth and strong occupancies for investors.
Arcade on the Lake
Arcade on the Lake is an attractive offering of 75 renovated apartment units and 4 commercial suites located in downtown Racine, Wisconsin. Tenants pay the electricity and a portion of their forced heat and air-conditioning (via in-unit electric blowers). The property boasts spacious one-of-a-kind floor plans, full kitchen appliance packages and central air conditioning. The current owners have steadily reinvested in capital improvements over the trailing 4 years.
Big Sky Manor &
High Point Manor
Big Sky Manor and High Point Manor are two apartment buildings located on S. High Point Road, just south of Mineral Point Road in the heart of Madison’s affluent west side. Big Sky Manor is a 79-Unit apartment property built in 1986 with underground parking for 40 vehicles. High Point Manor is a 36-Unit apartment property built in 1985 with underground parking for 18 vehicles. Big Sky Manor and High Point Manor are high-quality apartments in an absolutely prime location.
City Hall Square
City Hall Square is a landmark property located on the Milwaukee River with 135 apartments, 4 commercial suites, and 149 garage parking stalls. This signature asset was renovated into apartments in 1995-1997 at a project cost of $17.5 million through the LIHTC program, and offers the new owner immediate cash returns of 10.6% with true rent upside potential. Offered Free and Clear!