Multifamily
Orchard Courts Apartments
985 Wood Rd, Kenosha, WI 53144
Listing Price: $16,000,000
Investment Overview
Engle & Angelov of Marcus & Millichap is pleased to present the opportunity to acquire Orchard Courts Apartments, a 160-unit property located in Kenosha, Wisconsin.
This investment offers an investor the opportunity to purchase a well-maintained asset constructed in the 1960s from a long term owner with significant rental upside.
Orchard Courts Apartments
Investment Highlights
- Significant Rental Upside through as-is Rent Increases or Unit Renovation
- Capital Improvements Totaling $1,100,000 Over the Past 24 Months, including Eight Boilers, Windows, Sliding Glass Doors, and Majority of Roofs
- Adjacent to University of Wisconsin – Parkside
- Six Miles to Downtown Kenosha, offering Local Dining and Shopping, the Kenosha Metra Station and Simmons Island Beach
- Spacious, Park-Like Apartment Community
- Includes Approximately 20 Acres of Additional Land for Potential Future Development
- Average Household Income within One Mile is $107,574
Listing Price: $16,000,000
Investment Highlights
- Significant Rental Upside through as-is Rent Increases or Unit Renovation
- Capital Improvements Totaling $1,100,000 Over the Past 24 Months, including Eight Boilers, Windows, Sliding Glass Doors, and Majority of Roofs
- Adjacent to University of Wisconsin – Parkside
- Six Miles to Downtown Kenosha, offering Local Dining and Shopping, the Kenosha Metra Station and Simmons Island Beach
- Spacious, Park-Like Apartment Community
- Includes Approximately 20 Acres of Additional Land for Potential Future Development
- Average Household Income within One Mile is $107,574
Investment Overview
Engle & Angelov of Marcus & Millichap is pleased to present the opportunity to acquire Orchard Courts Apartments, a 160-unit property located in Kenosha, Wisconsin. This investment offers an investor the opportunity to purchase a well-maintained asset constructed in the 1960s from a long term owner with significant rental upside.
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