Available
Property Description
High-performing 12 unit that currently sits at a 7.24% cap rate with amenities and unit quality that leads the local market and attracts continued rental demand and revenue growth. The property runs efficiently and has a modern custom level design that can be felt inside and out.
This diverse property has 8 rare townhouses with full basements, 4 apartments, a common area with coin operated laundry and a professional atmosphere. The property is well lit inside and the stand-out units are demanded by tenants!
Looking to acquire a prime performing investment? Continue to add value through rent growth on a premier asset where costly CapEx improvements have already been completed. Specifics will be provided to qualified buyers. Showings to be coordinated through listing agent.
We insist that interested parties DO NOT DISTURB TENANTS ON SITE.
Building Features
Building 1 - 1747 Oakdale
- Two-story structure containing 6,300 square feet
- Six 2-bedroom/1.5 bathroom townhomes
- Interiors measure 1,050 square feet
- Roof is 7 years old
Building 2 - 1749 Oakdale
- Two-story structure containing 5,480 square feet
- Two townhomes and four apartments
- Townhomes are 2-bedroom/1.5 bathroom measuring 1,078 square feet each
- Two apartments are 2-bedroom/1-bathroom measuring 858 square feet each
- The other two apartments are 1 bedroom/1 bathroom measuring 676 square feet each
- The roof is 4 years old
- Lower roof on Unit 1 & 2 is ~1 year old
- Solar roof panels are ~2.5 years old
Utilities & Infrastructure
- Tenant paid water in townhouses - metered separately
- Landlord paid water in units 3-6
- Tenant paid heat
- Zoning: Multi-Family
- City-granted variance for property to have City Garbage and Recycling pickup
Financial Information
Annual property taxes are approximately $14,741. Exhaustive financial information is available to qualified buyers with a signed NDA. This exclusive multifamily investment opportunity presents a well-maintained, income-producing asset positioned in one of Northeast Wisconsin’s most desirable rental corridors.
MLS #50322839 | Listed by Taylor Hansen, Commercial Real Estate Broker at The Commercial Place
Property Highlights
- Building 1: 2 Townhouses + 4 Apartments
- Building 2: 6 Townhouses
- On-site laundry facility in common area, in-unit laundry in townhouse units
- Built 1978 with extensive renovations in last 5 years
- Solar-powered parking lot illumination and security
- High-end led lights, Delta fixtures, Viking switches, triple-pane windows, and fiberglass doors
Information is deemed reliable but not guaranteed.