Investment Overview

Marcus & Millichap is pleased to present this exclusive investment opportunity for an investor to acquire a multi-family investment portfolio comprised of Five (5) townhomes located in Roberts, 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 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 HUD's Fair Market Rent for 2024 in Saint Croix County of $2,188. Broker projection of increase in rent from current annual scheduled rent of $114,900 to $118,965 based on rent comparables and accelerated rent improvements in the area. Roberts is located in St. Croix County, as of recent years has been one of the fastest growing counties throughout the entire state of Wisconsin. What was once considered a farm town, Roberts is now considered a growing community and an extension of the Minneapolis-Saint Paul MSA. The 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 and bodies of water nearby. The accelerated level of development in both communities is evident and out-of-state and out-of-area investors are moving capital into these communities, as a result of increase property values and improving NOl's. Approximately 40 miles from Minneapolis-Saint Paul.