Investment Overview

Marcus & Millichap is pleased to present the Williamsburg Flats in the Village of Thiensville, Ozaukee County, Wisconsin. The property comprises a 6.03-acre (combined) parcel which is improved with nine eight-unit apartment buildings. They were constructed in 1973 (the 245 Building was built in 1970) and contain a combined 79,532 square feet (per assessor's records). Each building has a brick exterior and pitched roof with dimensional shingle covering (the 245 Building has a rubber membrane covering). The unit mix consists of (33) 2-bedroom/1 bath units, (23) 2-bedroom/1.5 bath units, and (16) 3-bedroom/1 bath units. Each unit includes a refrigerator and stove. The majority of units have a dishwasher and sleeve air conditioner (two units in the 245 Building have central air conditioning). Each building features coin-operated washers and dryers in the basement. With the exception of the 245 Building (with individual gas-fired furnaces and water heaters), each building has a gas-fired central boiler and water heater. Each building has an underground parking garage. There is also on-site parking on asphalt paving. They are all served with private wells and sanitary sewer. The apartment complex is well located and in close proximity to locally-owned shops and restaurants.