Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to present this exclusive multi-family investment opportunity for an investor to acquire an eight-unit building located on 2 acres along Highway 65 in River Falls, Wisconsin (Minneapolis-Saint Paul MSA). This thriving community is home to the University of Wisconsin: River Falls, as well as 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. Each resident has an assigned parking spot, green space in an edge-of -town "country" setting, and has the convenience of being only a few minutes away from downtown. With a diverse multi-generational demographic (due to country setting and near a university), the building has a unit mix of three 2-bedroom/1-bathroom apartments and five 1-bedroom/1-bathroom apartments. Owner responsibility's include replacing AC units as-needed, in-unit heat, water, sewer (well and septic), garbage, lawn and snow, exterior lighting, common area electric and common area water. Regarding major capital improvements made in recent years, the roof and gutters have been replaced (2023), new common area carpet has been installed in 2023, new well pump has been installed (2023), new boiler system has been installed (2021), and a new septic has been installed (2020). Many units received updates, as well.