0 615th Ave - Multi-Family FOR SALE


Elk Mound, WI 54739
$4,495,000 USD
0 615th Ave, Elk Mound, WI for Sale
$4,495,000 USD
Multi-Family - FOR SALE
1/33
null | 6.24% Cap Rate

0 615th Ave
Elk Mound, WI 54739


HIGHLIGHTS

  • 9 Duplex Buildings / 18 Total Units
  • Vacant Lot & Additional Land Included
  • Attached Garage Access
  • Newer Construction
  • Approximately 1,480 SF Per Unit
  • Strong Multifamily Investment Opportunity

OVERVIEW

Rare multifamily investment and development opportunity in Elk Mound! This expansive property offers 9 duplex buildings totaling 18 units, a vacant lot, and additional land, creating a unique opportunity for investors, developers, or owners looking to expand their rental portfolio. Each unit offers approximately 1,480 square feet with 3 bedrooms and 2 bathrooms, providing spacious and functional living arrangements. The townhome-style units feature modern finishes including LVT flooring throughout the main living areas, carpeted bedrooms, upgraded kitchen cabinetry, quartz countertops, and stainless steel appliances. Each unit includes a stove, refrigerator, dishwasher, microwave, washer, and dryer. Additional features include gas forced-air heating, central air conditioning, and individual electric water heaters. Each unit offers private exterior access as well as convenient access from the garage. The buildings feature attractive vinyl siding and stone veneer exteriors with asphalt-shingle roofs, creating a clean, modern appearance with low-maintenance appeal. With 18 existing 3-bedroom, 2-bathroom units plus a vacant lot and additional land, this property offers an exceptional combination of existing rental housing and future potential. A unique opportunity to acquire a substantial multifamily portfolio with newer construction, desirable finishes, attached garage access, and additional land for future possibilities.

FOR SALE DETAILS

PRICE

$4,495,000 USD

PRICE/SF

$380 USD /SF

# OF UNITS

18

PRICE/UNIT

$249,722

CAP RATE

6.24%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Meadows Edge Townhomes

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

PARKING SPACES

18

LAND DETAILS

LAND ACRES

22.21 AC

LAND SF

967,468 SF

ZONING

Residential - Multifamily

APN/PARCEL ID

1700822811183400010,1700822811183400011,1700822811183400012,1700822811183400013,1700822811183400017,1700822811183400018,1700822811183400019,1700822811183400020,1700822811183400021

ASK ABOUT THIS PROPERTY

Bryan RavenChippewa Valley Real EstateMore Info

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Bryan RavenChippewa Valley Real EstateMore Info

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