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Conservancy Apartments 4868 Innovation Dr 8 Unit Apartment Building $3,873,678 CAD ($484,210 CAD/Unit) Deforest, WI 53532

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INVESTMENT HIGHLIGHTS

  • Close to walking trails and parks
  • Buyer could sell off each unit as individual condos.

EXECUTIVE SUMMARY

This is a fantastic opportunity to buy two newer 2015 custom designed and meticulously built and maintained 4 unit buildings with large townhome units. All 8 townhomes are 3 br / 2.5 ba / 1,850sf and have attached 2 car garages, covered porches, and in-unit laundry. Each townhome has a foyer entry, large living room and kitchen, dining room, and bathroom on the 1st floor with 3 bedrooms, 2 bathrooms, and a laundry room on the 2nd floor. To make a condo conversion easier, all units are separately metered, tenants pay all utilities, and there is a studded air gap between units for an increased sound barrier. These buildings are very easy to lease being across from Conservancy Park with a splash pad and close to walking trails with lots of green space. $17,430/mo in total monthly rents.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $291,971 $19.73
Other Income - -
Vacancy Loss - -
Effective Gross Income $291,971 $19.73
Net Operating Income - -

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income (CAD)
Annual $291,971
Annual Per SF $19.73
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $291,971
Annual Per SF $19.73
Net Operating Income (CAD)
Annual -
Annual Per SF -

PROPERTY FACTS

Price $3,873,678 CAD
Price Per Unit $484,210 CAD
Sale Type Investment
Gross Rent Multiplier 13.2
No. Units 8
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
Apartment Style Townhome
Building Class B
Lot Size 1.08 AC
Building Size 14,800 SF
Average Occupancy 100%
No. Stories 2
Year Built 2015
Zoning PUD - Planned Unit Development

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+2 8 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0910-302-8060-1
Land Assessment
$251,405 CAD
Improvements Assessment
$1,653,328 CAD
Total Assessment
$1,904,733 CAD
  • Listing ID: 38251956

  • Date on Market: 2025-10-29

  • Last Updated:

  • Address: 4868 Innovation Dr, Deforest, WI 53532

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