Investment Overview

Marcus & Millichap is pleased to present The Crow’s Nest Apartments in the City of De Pere, Brown County, Wisconsin. The property comprises a 6.295-acre parcel improved with a 90-unit apartment building. The building was constructed in 1972 and contains 116,838 square feet (per assessor's records). It has a brick and composite-sided exterior and a rubber membrane roof covering (replaced in 2016-2017). The property is well located in a residential neighborhood and on the bank of the Fox River. A heavily used riverwalk path runs along the river shoreline. The unit mix consists of (8) studios, (44) one-bedroom/one-bath units, (35) two-bedroom/two-bath units, and (3) three-bedroom/two-bath units. Each unit includes a refrigerator and stove. The two-bedroom and three-bedroom units have dishwashers. Several of the units have been updated. The building also houses a basement swimming pool (being resurfaced this year) and sauna. It also features a lounge with kitchenette. The updated laundry room houses seven coinless washers and seven coinless dryers (all owned). The building has two gas-fired central boilers and two gas-fired water heaters. The units are cooled with a Chiller system (control board replaced in 2024). There are 96+/- underground parking spaces (one space is included with each unit).