715-410-6339
Townhome Portfolio, New Richmond, WI for Sale
Apartments - FOR SALE
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Townhome Portfolio
New Richmond, WI 54017


OVERVIEW

Marcus & Millichap is pleased to present this exclusive listing for an investor to acquire a multi-family investment portfolio comprised of Thirteen (13) townhomes located in New Richmond, Wisconsin. Each resident has an attached 2-car garage, green space, off-street parking, covered front porch, and concrete pad behind their townhome. In addition, all residents have the convenience of being close to downtown. All townhomes are 3 Bedroom/2 Bathrooms and built in 2018-2019. Modern interiors and quality builds. The two value-add opportunities in this investment is to reassign lawn/snow responsibility to the tenant and also, to continue pushing rents close to Fair Market Rent for Saint Croix County. New Richmond is located in St. Croix County, which as of recent years has been one of the fastest growing counties (percentage-wise) throughout the entire state of Wisconsin. What was once considered a farm town, New Richmond is now considered a growing community and an extension of the Minneapolis-Saint Paul MSA. This thriving community is home to many residents that take advantage of the affordable cost of living, the ease of travel to the Twin Cities metro for employment and events, as well as various recreational amenities that're local such as parks, rivers, and lakes. The accelerated level of development in this community is evident, while out-of-state and out-of-area investors are moving capital into this community, as a result of increase property values and improving NOl's. Approximately 40 miles from Minneapolis-Saint Paul.

FOR SALE DETAILS

PRICE

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# OF UNITS

13

CAP RATE

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% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

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STORIES

2

YEAR BUILT

2018

PARKING SPACES

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LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

-

APN/PARCEL ID

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Scott AndersonMarcus & MillichapMore Info
715-410-6339

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Scott AndersonMarcus & MillichapMore Info
715-410-6339

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