8401 198th Ave - Apartments FOR SALE


Bristol, WI 53104
$2,400,000 USD
262-496-8365
8401 198th Ave, Bristol, WI for Sale
$2,400,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

8401 198th Ave
Bristol, WI 53104


HIGHLIGHTS

  • ±1.84-acre site comprising 24 garden-style apartment units.
  • Balanced mix of one-bedroom and two-bedroom floor plans appealing to varied rental demand.
  • Recent property upgrades and significant capital investment completed.
  • Onsite laundry facilities and ample surface parking for residents.
  • Positioned near major highways, employment hubs, and retail amenities within Bristol and Kenosha County.

OVERVIEW

This 24-unit garden-style apartment building offers an attractive multifamily investment in the growing Village of Bristol, Kenosha County. The property consists of an even mix of twelve one-bedroom, one-bath units and twelve two-bedroom, one-bath units, providing diversification and broad market appeal. Situated on a ±1.84-acre parcel, the asset features durable construction with wood framing, brick, and siding along with asphalt shingle roofing. Recent capital improvements have reduced immediate maintenance exposure, while opportunities remain to increase revenue through as-is rent adjustments. Current gross scheduled rent is approximately $256,000 annually, with pro forma potential reaching $324,000 under market adjustments. This upside, paired with strong occupancy drivers and proximity to major transportation routes such as Interstate 94, makes the property well-positioned for long-term investor value. Amenities include onsite coin-operated laundry, surface parking for approximately 40 vehicles, and durable slide-by windows. Located near Bristol Industrial Park and regional employers, the asset supports stable demand and consistent occupancy trends across the submarket.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$249 USD /SF

# OF UNITS

24

PRICE/UNIT

$100,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.84 AC

LAND SF

80,150 SF

ZONING

Commercial

APN/PARCEL ID

37-4-121-083-0327

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.