1747 Oakdale Ave - Apartments FOR SALE


Green Bay, WI 54302- Central Green Bay
$2,260,000 USD
920-434-2400
1747 Oakdale Ave, Green Bay, WI for Sale
$2,260,000 USD
Apartments - FOR SALE
1/60
null | 7.24% Cap Rate

1747 Oakdale Ave
Green Bay, WI 54302
Central Green Bay


HIGHLIGHTS

  • Low rental density area. High End Unit Quality- custom cabinets, built ins, pot fillers, pantry areas, full basements.
  • Electric Unit Fireplaces, LED prestige lighting
  • Desirable floor plan, Top Tier Amenities in units.

OVERVIEW

High performing 12 unit that currently sits at a 7.24% Cap. Property has amenities and unit quality that leads the local market and attracts continued rental demand and revenue growth through a Demanded Niche. Property runs efficiently and has a modern custom level feel that can be felt inside and out. Property features Solar, New Parking area with ample lighting, Newer Roofs, Extensively renovated units less one with a long term tenant. This diverse property has 8 rare townhouses with full basements, 4 apartments and a common area with Coin Ops and a professional atmosphere. The property is well lite inside and the stand out units are demanded by tenants! Looking to step into a prime performing asset? Continue to add value through rent growth due to the premier asset quality where rising cost CapEX improvements have been completed. No area of this property has been overlooked. Transparency of specifics will be provided to qualified buyer-inquire. Current usable life on all property systems is 25-40 years, including triple pane windows, roofs, solar, parking lot, water heaters, decks, siding, etc. Debt Coverage Service Ratios respectable depending on financing scenario. Gross Rent Multiplier at 11.07 at current performance. There are 6 scheduled rent increases in the next 12 months of operations as the operator is proactive and savy at management. 5% Management fee, 4% Maintenance Fee, and 4% Reserves has been factored into the cash flow analysis. Release of further property analytics will be permitted at time of written confidentiality agreement with prospective purchaser. FIND TRUE VALUE ADD through operations, management and having the unit quality to continue rent growth with great tenant demand. DO NOT DISTURB TENANTS ON SITE. No access without consent from listing agent. Impressive property that performs well- historic rent growth and continued improvement in the demanded Green Bay Market area.

FOR SALE DETAILS

PRICE

$2,260,000 USD

PRICE/SF

$190 USD /SF

# OF UNITS

12

PRICE/UNIT

$188,333

CAP RATE

7.24%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1747 & 1749 Oakdale Avenue, Green Bay

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1988

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

Commercial

APN/PARCEL ID

21-2304-2-A

ASK ABOUT THIS PROPERTY

Taylor HansenPlace Perfect RealtyMore Info
920-434-2400

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Taylor HansenPlace Perfect RealtyMore Info
920-434-2400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.