4868 Innovation Dr - Multi-Family FOR SALE


Deforest, WI 53532
$2,775,000 USD
608-445-2384
4868 Innovation Dr, Deforest, WI for Sale
$2,775,000 USD
Multi-Family - FOR SALE
1/13
null | Request Cap Rate

4868 Innovation Dr
Deforest, WI 53532


HIGHLIGHTS

  • Close to walking trails and parks
  • Buyer could sell off each unit as individual condos.

OVERVIEW

This is a fantastic opportunity to buy two newer 2015 custom designed and meticulously built and maintained 4 unit buildings with large townhome units. All 8 townhomes are 3 br / 2.5 ba / 1,850sf and have attached 2 car garages, covered porches, and in-unit laundry. Each townhome has a foyer entry, large living room and kitchen, dining room, and bathroom on the 1st floor with 3 bedrooms, 2 bathrooms, and a laundry room on the 2nd floor. To make a condo conversion easier, all units are separately metered, tenants pay all utilities, and there is a studded air gap between units for an increased sound barrier. These buildings are very easy to lease being across from Conservancy Park with a splash pad and close to walking trails with lots of green space. $17,430/mo in total monthly rents.

FOR SALE DETAILS

PRICE

$2,775,000 USD

PRICE/SF

$188 USD /SF

# OF UNITS

8

PRICE/UNIT

$346,875

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Conservancy Apartments

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2015

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

PUD

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Carson BrewerAltus Commercial Real EstateMore Info
608-445-2384

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Carson BrewerAltus Commercial Real EstateMore Info
608-445-2384

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