Park Place Holdings is pleased to present an outstanding opportunity to acquire Marathon Flats, a premier 55+ apartment community with two additional commercial spaces in Neenah, Wisconsin. This newly redeveloped 55+ multi-family community offers 61 fully renovated apartment units, 42 storage units, 56 garages, and two commercial spaces, including a long-term lease with Kimberly-Clark. Positioned on 17.25 acres, the property underwent a transformative adaptive reuse conversion in 2023-2024, capitalizing on the growing demand for high-quality, affordable housing for seniors. The excess land allows for future development of additional units, ask for details. With a net operating income (NOI) of $966,600 and gross potential rents of $1,564,450, Marathon Flats offers investors a stable asset with a cap rate of 6.00%. (The cap rate is 6% and not 5.49% due to the fact that the land value is $1,500,000 and this would get taken off the sale price when calculating cap rate). The residential component is nearing full occupancy, reflecting strong demand for well-appointed, age-restricted living options in the Fox Cities market. Additionally, the 46,937 SF lease with Kimberly-Clark provides steady commercial income. Strategically located just minutes from downtown Neenah and Highway 41, Marathon Flats offers exceptional accessibility while benefiting from a thriving regional economy. With its strong income potential, diversified revenue streams, and significant land for future development, Marathon Flats presents an outstanding investment opportunity in a rapidly evolving market. Call Mason Clark at (608) 399-5123 or email mason@parkplace-holdings.com