8216 199th Ave - Apartments FOR SALE


Bristol, WI 53104
$650,000 USD
262-496-8365
8216 199th Ave, Bristol, WI for Sale
$650,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

8216 199th Ave
Bristol, WI 53104


HIGHLIGHTS

  • Fully renovated in 2022, offering updated interiors and modern finishes.
  • Strong unit mix with one studio, two one-bedroom, and three two-bedroom apartments.
  • Individual electric and gas metering for tenants, reducing owner utility costs.
  • Convenient on-site amenities including coin-operated laundry and two separate garages.
  • Prime location near I-94 and U.S. Highway 45, providing easy access to Milwaukee and Chicago.

OVERVIEW

This six-unit apartment building in the Village of Bristol offers an exceptional investment opportunity in a growing Kenosha County market. Situated on approximately 0.29 acres, the property features a mix of one studio, two one-bedroom units, and three two-bedroom units, providing a balanced unit mix that appeals to a wide range of tenants. The building underwent significant renovations in 2022, ensuring modernized interiors while maintaining structural integrity. The property includes individual electric and gas metering for tenants, reducing owner expenses, and a master water/sewer system. Additional amenities include coin-operated laundry facilities and two separate garage spaces, complementing six surface parking spots for tenant convenience. The building’s wood frame construction with vinyl siding and asphalt shingle roof ensures durability and low maintenance. Located near major transportation routes, including I-94 and U.S. Highway 45, the property offers easy access to both Milwaukee and Chicago markets. The surrounding area features strong demographics, with over 125,000 residents within a 10-mile radius and an average household income exceeding $100,000. This strategic location, combined with a pro forma cap rate of 7.29%, positions the asset as a compelling choice for investors seeking stable cash flow and long-term appreciation potential.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$146 USD /SF

# OF UNITS

6

PRICE/UNIT

$108,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,635 SF

ZONING

B-2

APN/PARCEL ID

37-4-121-083-0656

ASK ABOUT THIS PROPERTY

Robert PittsPitts Brothers & Associates LLCMore Info
262-496-8365

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Robert PittsPitts Brothers & Associates LLCMore Info
262-496-8365

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