3805 7th Ave - Apartments FOR SALE


Kenosha, WI 53140- Harborside
$2,000,000 USD
262-770-6278
3805 7th Ave, Kenosha, WI for Sale
$2,000,000 USD
Apartments - FOR SALE
1/5
null | 7.02% Cap Rate

3805 7th Ave
Kenosha, WI 53140
Harborside


OVERVIEW

Investment Highlights (Client-Ready) Boutique 6-Unit Townhome Asset (2018 Vintage) Modern construction and finishes with a true townhome layout (2-story units + attached garages), which typically supports stronger tenant retention and rent resilience versus conventional walk-ups. High-Demand Unit Mix with Large Floorplans All units are 3BR / ~1,574 SF—a scarce, “family-sized” rental product that competes favorably with single-family rentals and often experiences lower turnover than smaller apartments. Attached Garages and Functional Differentiation 12 attached garage spaces (2 per unit) provide a meaningful amenity advantage in suburban markets, improve tenant quality, and support rent durability in all seasons. Strong Current Income Profile with Upside With average rents underwritten at $2,300/unit, the asset produces compelling in-place cash flow for a small-multifamily investor while preserving upside through continued rent optimization and disciplined expense control. Expense-Efficient Operations Individually metered utilities and townhome-style layouts can translate into leaner operating expenses when tenant utility responsibility is properly structured—supporting a stronger NOI margin. Cap Rate Near 7% on Conservative Vacancy The pro forma underwrites a standard vacancy/credit loss while still targeting a ~7% cap rate at the offering price—creating a buffer against minor market softness. Limited Near-Term Capital Risk (Newer Build) As a 2018 construction property, major building systems (roof, HVAC components, mechanicals) are generally earlier in their lifecycle, reducing the probability of near-term “lumpy” capital events relative to older vintage assets (while still reserving appropriately). Stable Suburban Demand Drivers with Commuter Access Suburban location with access to key transportation corridors and commuter rail options supports a deep renter pool and broad tenant appeal. Attractive Small-Asset Profile Six-unit properties can be under-served by institutional buyers, which can create pricing inefficiencies and opportunity for hands-on operators—especially with self-management or hybrid management structures. Clean Story for Long-Term Hold A newer, differentiated townhome product with garages typically fits well as a 5–10 year hold: steady cash flow today, potential rent growth over time, and exit appeal to both investors and 1031 buyers seeking “easy-to-run” assets. Why This Is a Great Purchase (Positioning Statement) This offering combines modern construction, high-utility 3BR townhome units, and attached garages—features that drive tenant demand and retention—while producing strong going-in cash flow near a 7% cap rate under market-standard vacancy assumptions. For an investor seeking a low-headache, expense-efficient small multifamily asset with durable tenant appeal and long-term hold characteristics, this property checks the boxes: differentiated product, defensible income, and reduced near-term capital risk.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$209 USD /SF

# OF UNITS

6

PRICE/UNIT

$333,333

CAP RATE

7.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2018

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

RG-1

APN/PARCEL ID

11-223-30-403-022

ASK ABOUT THIS PROPERTY

Anthony WoodenOnly Real Estate GroupMore Info
262-770-6278

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Anthony WoodenOnly Real Estate GroupMore Info
262-770-6278

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