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Multifamily

3120 85th Street

3120 85th Street, Kenosha, WI 53142

Listing Price: $795,000

Cap Rate
6.09%
Number of Units
8
GRM
8.23
Occupancy
97.0%
Price/Unit
$99,375
Price/Gross SF
$95.83
Gross SF
8,296

Investment Overview

Marcus & Millichap is pleased to present 3120 85th Street in the City of Kenosha, Kenosha County, Wisconsin. The property comprises a 0.41-acre parcel improved with an eight-unit apartment building. The building was constructed in 1973 and contains 8,296 square feet (per assessor’s records). It has a vinyl and brick exterior and flat roof with rubber membrane covering.

The building consists of eight Two-Bedroom/One-Bath units. Each unit includes a refrigerator, stove, and sleeve air conditioner. One unit also has a dishwasher. Each unit is provided one locked storage closet off the common area hallway. There are two coin-operated washers and two coin-operated dryers in the basement.

The tenants pay for electric, while the property owner pays for gas and the water/sewer expense.

All eight units have been updated within the past four years, including installation of vinyl plank flooring, countertops, and soft-close cabinets. All windows have been replaced within the past four years.

Each unit is entitled to one parking space. Additional spaces are available at $30 per month. There is a three car detached garage; one stall is currently rented with the other two stalls used by the owner. Security features include a keypad lock, security camera system, and flood lights in the parking area.

Investment Highlights

  • All in-unit flooring, countertops, and cabinetry hardware have been updated within the past four years
  • All windows have been replaced within the past four years
  • Updated security features

Exclusively Listed By

Financing By

Multifamily

3120 85th Street

Listing Price: $795,000

Cap Rate
6.09%
Number of Units
8
GRM
8.23
Occupancy
97.0%
Price/Unit
$99,375
Price/Gross SF
$95.83
Gross SF
8,296

Investment Highlights

  • All in-unit flooring, countertops, and cabinetry hardware have been updated within the past four years
  • All windows have been replaced within the past four years
  • Updated security features

Investment Overview

Marcus & Millichap is pleased to present 3120 85th Street in the City of Kenosha, Kenosha County, Wisconsin. The property comprises a 0.41-acre parcel improved with an eight-unit apartment building. The building was constructed in 1973 and contains 8,296 square feet (per assessor’s records). It has a vinyl and brick exterior and flat roof with rubber membrane covering. The building consists of eight Two-Bedroom/One-Bath units. Each unit includes a refrigerator, stove, and sleeve air conditioner. One unit also has a dishwasher. Each unit is provided one locked storage closet off the common area hallway. There are two coin-operated washers and two coin-operated dryers in the basement. The tenants pay for electric, while the property owner pays for gas and the water/sewer expense. All eight units have been updated within the past four years, including installation of vinyl plank flooring, countertops, and soft-close cabinets. All windows have been replaced within the past four years. Each unit is entitled to one parking space. Additional spaces are available at $30 per month. There is a three car detached garage; one stall is currently rented with the other two stalls used by the owner. Security features include a keypad lock, security camera system, and flood lights in the parking area.

Exclusively Listed By

Financing By

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