Log In/Sign Up
Your email has been sent.
Northwoods Apartments 11513 Brown Deer Rd W 36 Unit Apartment Building $5,130,006 CAD ($142,500 CAD/Unit) 6.36% Cap Rate Milwaukee, WI 53224
EXECUTIVE SUMMARY
Sharp, 2 story brick exterior apartment building. 36 units, all 2 bedroom/1 bath. None of the units is identical. The square footages ranges from 875-1000 sq. feet. 11 units have vinyl/LVP in the dinette area, matching the kitchen. 25 units have carpet in the dinette area, matching the living room. 36 storage lockers at $10/month rent. 19 garages. Two are used for trash enclosure, 14 are rented at $65/month. There are 43 surface parking spots, 4 are handicap spots and 3 are visitor spots. The other 36 coordinate with each unit number as each resident gets one surface spot included with their rent. Landlord pays water, sewer, common area utilities and trash. Tenant pays electric and HVAC. Roof replaced in 2020. New rents are $1025 and higher. Great investment!
PROPERTY FACTS
| Price | $5,130,006 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $142,500 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 1.51 AC |
| Cap Rate | 6.36% | Building Size | 39,638 SF |
| Sale Condition | 1031 Exchange | No. Stories | 2 |
| No. Units | 36 | Year Built | 1983 |
| Property Type | Multifamily | Parking Ratio | 0.48/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RM1 | ||
| Price | $5,130,006 CAD |
| Price Per Unit | $142,500 CAD |
| Sale Type | Investment |
| Cap Rate | 6.36% |
| Sale Condition | 1031 Exchange |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.51 AC |
| Building Size | 39,638 SF |
| No. Stories | 2 |
| Year Built | 1983 |
| Parking Ratio | 0.48/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM1 |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Disposal
- Storage Space
- Tile Floors
- Refrigerator
- Range
- Walk-In Closets
- Carpet
SITE AMENITIES
- Laundry Facilities
- Property Manager on Site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 36 | $1,316 CAD | 875 - 1,000 |
1 1
PROPERTY TAXES
| Parcel Number | 038-0041-100-8 | Improvements Assessment | $3,052,598 CAD |
| Land Assessment | $351,772 CAD | Total Assessment | $3,404,370 CAD |
PROPERTY TAXES
Parcel Number
038-0041-100-8
Land Assessment
$351,772 CAD
Improvements Assessment
$3,052,598 CAD
Total Assessment
$3,404,370 CAD
1 of 18
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Northwoods Apartments | 11513 Brown Deer Rd W
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.