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.