MAYVILLE HEIGHTS

43 Units

Mayville, WI

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Mayville Heights is a 43-unit senior-designated (55 and older) apartment building built circa 1992 on 3.15 acres of land located in the city of Mayville, WI (Dodge County). The building is comprised of 37 One Bedroom and 6 Two Bedroom apartments. The One Bedrooms are roughly 614 square feet in size, while the Two Bedrooms are 798 square feet. Since 2023, there have been $57,067 in total LVP and carpet flooring replacements to the apartments upon turnovers. The property features 14 detached garages, with additional on-site parking available for 23 vehicles. The building is served by a natural gas fired hot water boiler system (two boilers), and by two natural gas water heaters. Air conditioning is provided by individual-controlled sleeve air conditioners. In addition, the property features an inviting community room with a full kitchen, an on-site office, and a gazebo in the back overlooking a city park. Mayville Heights offers an owner-operator investor an opportunity to purchase a stable rental property at a price substantially below replacement cost at an attractive Gross Multiple and low Price Per Unit.