Investment Overview

Marcus & Millichap is pleased to present East Ridge Village Apartments, a 44-unit multifamily community located in Marshfield, Wisconsin. The property spans 11 buildings across multiple addresses on Monique Lane (901–907, 909–915, 2401,2405, 2417) and North Irene Avenue (810–816, 902–908, 912–918, 1004–1010). East Ridge Village offers two distinct two-bedroom, one-bathroom floor plans: 30 units with one garage stall and 14 units with two garage stalls. All units are approximately 1,000 square feet. Of the 44 units, 23 have been recently remodeled, providing immediate income upside, while the remaining 21 units present a value-add opportunity through future renovations. Current rents for one-stall garage units range from $1,076 for original units to $1,157 for remodeled units. Units with two garage stalls lease from $1,107 to $1,213, depending on renovation status. Renovated units feature updated stainless-steel appliances (refrigerator, stove, dishwasher, microwave), new LVT flooring, carpeted bedrooms, updated fixtures, blinds, and fresh paint throughout.