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.