Multifamily
Nicolet Townhomes
1410-1712 S Nicolet Rd, Grand Chute, WI 54914
Listing Price: $6,995,000
Investment Overview
Marcus & Millichap is pleased to present Nicolet Townhomes, a 34-unit market-rate apartment community located in Grand Chute, Wisconsin. This well-maintained property sits on 4.32 acres at 1410-1712 South Nicolet Road. Built in 1987, the community offers spacious three-bedroom and four-bedroom units, each featuring in-unit washer and dryer and vaulted ceilings. The property consists of 17 buildings, each with two side-by-side townhome units featuring attached two-car garages. The unit mix includes 33 three-bedroom, two-bathroom units, each 1,250 square feet, renting at $1,800 per month, and one four-bedroom, two-and-a-half bathroom unit, 1,400 square feet, renting at $2,000 per month.
Tenants are responsible for gas, electricity, and water, while the landlord covers trash service,
which is included in the property’s tax bill. Of the 34 units, 27 have been renovated, creating immediate upside potential, while the remaining seven units offer value-add opportunities. Renovations include new
cabinetry, laminate countertops, stainless steel appliances, upgraded lighting and plumbing fixtures, new vinyl plank flooring, bedroom carpeting, and fresh paint. The property has maintained an impressive average vacancy rate of just 2.5 percent since 2021, underscoring its strong performance within the rental market.
Investment Highlights
- 27 Remodeled Units
- Historical Occupancy of 97.5 Percent
- Attached Two-Car Garages and Private Entrances. Tenant Paid Utilities.
Exclusively Listed By
Financing By
Investment Highlights
- 27 Remodeled Units
- Historical Occupancy of 97.5 Percent
- Attached Two-Car Garages and Private Entrances. Tenant Paid Utilities.
Investment Overview
Marcus & Millichap is pleased to present Nicolet Townhomes, a 34-unit market-rate apartment community located in Grand Chute, Wisconsin. This well-maintained property sits on 4.32 acres at 1410-1712 South Nicolet Road. Built in 1987, the community offers spacious three-bedroom and four-bedroom units, each featuring in-unit washer and dryer and vaulted ceilings. The property consists of 17 buildings, each with two side-by-side townhome units featuring attached two-car garages. The unit mix includes 33 three-bedroom, two-bathroom units, each 1,250 square feet, renting at $1,800 per month, and one four-bedroom, two-and-a-half bathroom unit, 1,400 square feet, renting at $2,000 per month. Tenants are responsible for gas, electricity, and water, while the landlord covers trash service, which is included in the property’s tax bill. Of the 34 units, 27 have been renovated, creating immediate upside potential, while the remaining seven units offer value-add opportunities. Renovations include new cabinetry, laminate countertops, stainless steel appliances, upgraded lighting and plumbing fixtures, new vinyl plank flooring, bedroom carpeting, and fresh paint. The property has maintained an impressive average vacancy rate of just 2.5 percent since 2021, underscoring its strong performance within the rental market.