Investment Overview

Marcus & Millichap is pleased to present Pine Crest Court Townhouses, a 28-unit multifamily community located at 3606 Schofield Avenue in Schofield, Wisconsin. This well-maintained property presents an exceptional opportunity for investors seeking stable cash flow, value-add upside, and long-term development potential in a steadily growing Central Wisconsin market. The offering includes both the existing townhouse-style apartments and an adjacent development lot as part of the sale, giving investors flexibility to explore future expansion or new construction. Situated on a spacious parcel with excellent frontage along Schofield Avenue, the property benefits from high visibility and ease of access to major employers and retail corridors in the greater Wausau metro area. Thoughtfully maintained by current ownership, Pine Crest Court has undergone substantial capital improvements in recent years, with 23 of 28 units fully renovated in the past five years and over $400,000 in total capital expenditures. Renovations include updated unit interiors, modern finishes, and system upgrades that enhance tenant satisfaction while reducing future maintenance costs. Additionally, all roofs were replaced in 2018, further mitigating near-term capital needs for new ownership. Despite these significant improvements, current rents remain below market, presenting a value-add opportunity through continued rent repositioning and renovating the remaining units. Moreover, the inclusion of the adjacent lot provides additional upside potential for a developer or investor seeking to capitalize on Schofield’s steady housing demand. The lot must be purchased in tandem with the apartments. Contact listing broker for additional details. An ideal acquisition for value-oriented multifamily investors, Pine Crest Court Townhouses offers a compelling combination of in-place cash flow, proven capital improvements, and long-term development flexibility.