SCHOOLHOUSE APARTMENTS

11 Units

Mineral Point, WI

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​Located in the city of Mineral Point, Wisconsin, the Schoolhouse Apartments is a unique 11-unit apartment property originally built as a schoolhouse and repurposed through a comprehensive renovation in 1999. The property is comprised of 2 One Bedroom and 9 Two Bedroom apartments. All units are equipped with central air conditioning provided by forced-air furnaces and A/C units. The apartments boast spacious, best-in-market layouts with high ceilings, oversized windows, walk-in closets (select units), and modern kitchens complete with dishwashers. Common areas provide extra tenant storage, a laundry room (leased), an elevator, and spacious hallways that showcase unique details such as original lockers, woodwork and a distinctive schoolhouse textbook charm. There is also ample owner storage and a maintenance workshop. Both the apartments and common areas are fully sprinklered. Offered at only 6.0 times the current gross income in an area with strong occupancy rates and increasing housing costs!