Greater Milwaukee Area Listings
Hartview Apartments, located in Hartland, is a 40-unit property built in 1972. The property is comprised of two identical 12-unit buildings, two 8-unit brick buildings and 81 outdoor parking stalls. Hartview has undergone major renovations in recent years, totaling nearly $700,000 in capital expenditures. These improvements include new siding, roofs, windows, parking lots, boilers and full interior renovations of 13 units. Rents are $75-$100 below the submarket, creating an add-value opportunity for the next owners. By capitalizing on the full rental potential, Hartview should provide cash returns in excess of 7% and total returns of 15%-17% annually.
The Hillside Apartments, located in Burlington, is a 20-unit apartment property with all two bedroom units. There are five separate sections in the building, each containing 4-units with a double-wide hallway creating a semi-private environment that enhances the overall rental appeal. Hillside Apartments offer an exceptional rental value with in-place rents $175 below competing area properties. The Hillside Apartments offer immediate 8.5% cash-on-cash returns in a tight rental market with a shortage of work-force housing. By leveling rents to market, the property should produce 15% to 17% leveraged cash-on-cash returns and total returns in excess of 23%.
Country Pines, located in Franklin, Wisconsin is an attractive tudor-style apartment building consisting of 12 units and one detached garage building. Originally built as a condominium, the floor plans are spacious, with open kitchens, ample closet space, central heating and cooling, on-floor private storage lockers, and a deck or balcony. Tenants pay for unit heat, electricity, air conditioning, hot water, cable TV and internet. Country Pines offers investors an opportunity to purchase a well-located and well-maintained property with below-market rents that should produce steady cash flow and strong total returns.
Parkway Hills, located in Milwaukee, Wisconsin, is a 28-unit apartment property built in 1971 and situated on 1.4 acres of land. All units have two-bedrooms with a spacious layout and include one bathroom, modern kitchen, dining area, living room and tenant storage in the basement. The rents range from $620 to $745 per month, and average $691. Parkway Hills apartments offer an exceptional rental value and have in-place rents $60 or more, on average, below the submarket comparables, providing for immediate rent upside. Parkway Hills presents the opportunity to purchase 28-units offered by a long-term owner with immediate cash-on-cash returns of 12% to 15%.
Riverbend East is comprised of 16 one bedroom one bath, 11 two bedroom one bath, 19 two bedroom one and a half bath and 19 two bedroom two bath units. Most units feature one attached garage that is included in the rent. Tenants are responsible for hot water, electricity, heat (forced air), and air conditioning (central air). Riverbend East is perfectly situated just north of Highway 60 between Highway 83 and 41, placing it conveniently near all of the area’s attractions and jobs.
Milwaukee 24 Apartments feature extensive recent capital improvements including roofs, boilers, vinyl siding, parking lot, and 11 renovated apartments. The property has all two bedroom apartments and is located in a quiet residential neighborhood on the west side of Milwaukee. This is a turnkey opportunity with an immediate 10%+ cash-on-cash returns.
Milwaukee 40 Apartments consist of 34 two bedroom and 6 three bedroom units located on the northeast side of Milwaukee. Tenants pay all utilities except water/sewer. Strong occupancy history with extensive recent capital improvements. Priced to sell at $55,000 per unit with immediate 10%+ cash-on-cash returns.
Denmark Apartments is a turnkey property consisting of 48 units between two adjacent buildings located in the north side of Milwaukee. Built in 1972, each building is well-maintained and has undergone extensive capital improvements in the last decade, including new roofs (2017 & 2018), boilers (2012), and a parking lot for one of the apartment buildings. The property features 12 one bedroom and 36 two bedroom apartments.
Townline Lilly is a 24-unit located in East Troy, WI with easy access to I-43 and within one block of Piggly Wiggly. Built in 1977 & 1978, Townline Lilly consists of three 8-unit buildings. Clean,
owner-managed property. Updates include newer boilers, windows, and common area flooring. Rents average $75 under market.
Sherman Gardens is a 66-unit apartment complex located on the north side of Milwaukee, WI directly across from Havenwoods State Forest. The property consists of three buildings and features a mix of one and two-bedroom units. The property is priced at
$37,500 per unit and offers immediate 19% cash returns to the new owner.
Valley Hill Terrace
An attractive, 3-building complex consisting of 18 2 bedroom 1.75 bath apartments. Creative floor plans include spacious and desirable layouts, all roughly 1,100 square feet in size, with each unit featuring a 1-car or 2-car attached garage. The property is
impeccably maintained, both inside and out, and features tenant-paid utilities (except w/s), gas fireplaces, forced central heat and air conditioning, and many recent appliance updates. Valley Hill Terrace is a pride of ownership multifamily opportunity for the next investor, offered far below the replacement cost with major rent upside due to long-term ownership.
Riverwalk Senior Apartments boasts many of the amenities offered by newer buildings, yet at rents considerably below new construction levels. With the river, walking path and recent opening of the new Costco nearby, the Subject offers a highly desirable location. There are 20 one bedroom units and 16 two
bedroom two full bath units, roughly 713 and 1,050 square feet in size, respectively. Within each apartment is the following: a full kitchen appliance package with refrigerator, stove, dishwasher, central heat and air conditioning, white trim and six-panel doors, and spacious layouts with an open-concept kitchen.
The Parkridge is offered by the original Owner/Developer, and consists of 24 spacious 2 bedroom 2 full bath townhomes with attached garages. All units feature desirable floor plans ranging from 1,100-1,300 SF, with open kitchen layouts, white trim and
6-panel doors throughout, in-unit laundry, plus forced central heat and a/c. Tenants pay for all utilities, except water/sewer. This is a condominium-quality apartment offering in a hot Wauwatosa rental market, and current rents offer an exceptional value around $0.82 per SF!
River Park offers one, two, and three bedroom units with spacious outdoor areas and ample outdoor parking. Tenants pay for electricity and AC. This property is located in downtown Waukesha and just minutes from Interstate 94 which provides easy access to and from the property.
Monroe Park offers townhouse-style units with private entries, washer/dryer hook-ups, detached garages and tenants pay all utilities (except w/s), while located on a visible corner in a strong
Washington County rental market.
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.
Breezewood Village II
Breezewood Village II is a 65-unit property built in 1994 located in the Village of Hartland, WI. The property is comprised of one three-story building including an outdoor parking lot. There are 10 studios, 42 one bedroom one bath, and 13 two bedroom one bath units. Breezewood Village II is a well-maintained property designated for seniors (or the disabled) with an excellent occupancy. With the growing demographic of senior renters, the
property is poised for future rent growth and strong occupancies for investors.
Hartview is a 24-unit property located in the Village of Hartland, WI, near the new Pick 'n Save at Highway 16 and 83. There are 12 bi-level two bedrooms roughly ~1,400 SF in size. All apartments
feature private entries, washer/dryer hookups, and electricity, along with low Hartland real estate taxes which all help to maintain low operating expenses for the landlord.
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!
Parqueview is a 38-unit apartment complex located in a prime downtown Waukesha, WI location. The property contains two 18-unit brick buildings and an adjacent duplex. The two 18-unit buildings feature brick exteriors and consist of 36 one bedroom, one bath apartments. The long-term the past five years, making it a perfect turnkey investment for an owner-operator.
Section 8 Offering
Two properties are located in Racine totaling 158 units and the other in Manitowoc totaling 40 units. Owned and operated by the original development group, the properties as a whole have recorded an extraordinary economic occupancy of 99% over the
past 3 years. These signature properties are offered for sale as a package by the original development group, who has carefully maintained the property by steadily reinvesting cash in the building interiors and exteriors so that the properties are on a
competitive footing in the market.
84th & North
84th and North Apartments, located in the heart of attractive four-building offering that consists of 24 apartment homes, including 16 charming studios and 8 large one bedrooms. The property is impeccably maintained, both inside and out. Other
highlights include ample outdoor parking and well-landscaped grounds along with welcoming basements featuring coin-operated laundry rooms, owner maintenance and storage rooms, and private storage lockers for each unit
University Manor is a 40-unit property built in 1990 in an excellent north side location in the City of Waukesha. Highlights include 15 detached garages, low rents, tenant-paid heat, brick
exteriors, and newer roofs.