Investment Overview

Marcus & Millichap is proud to present this exclusive listing of the West Central Wisconsin Portfolio, which is a Market Rate 29-Unit Portfolio, comprised of three multifamily investment buildings. While situated between the Minneapolis-Saint Paul MSA and the Eau Claire-Menomonie MSA, both Spring Valley and it’s neighboring Elmwood are both smaller communities that benefit from lower cost of living and the ability to commute from Highway 10 and I-94, into the Twin Cities (MN) or across the state of Wisconsin. With several other major byways in the area, including US Highway 12, US Highway 63, the larger nearby submarket of Eau Claire-Menomonie MSA sees a high-volume traffic count of commuters and travelers alike, as a result of being located in a west-central hub of Wisconsin, paired with also having ease of travel along I-94 corridor to get to the Minneapolis-Saint Paul MSA or Eau Claire, in less than an hour. Menomonie is approximately 25 minutes away so in addition to the residents and travelers passing through, there’s a major freight rail line (owned by Union Pacific Railroad) as well as the nearby Menomonie Municipal Airport and Chippewa Valley Regional Airport, creating ample commerce opportunities through the variety of means of transportation available to the general public and private businesses. Menomonie is best known as home to the reputable University of Wisconsin – Stout, as well as Chippewa Valley Technical College, where students have a variety of options for ?elds of study – including the arts, business, real estate, education, becoming a healthcare professional, and science. Meanwhile, both Spring Valley and Elmwood are primarily agricultural communities that have strong demand for rentals for the local workforce, as well as plenty of recreational opportunities for the typical outdoorsman, aside from your typical parks and wooded areas. The location has found it’s unique landmarks with the Eau Galle River, Eau Galle Beach, Eau Galle Reservoir, and Crystal Cave. This apartment buildings were built in the late 1970’s and early 1980’s, and two of which were previously attached to affordable housing programs. The amenities vary between common area rooms that have value-add opportunity for additional apartment conversions, green space for recreational opportunities for the tenant base, and a unit mix with strong demand. The portfolio is comprised of Twenty-One (21) One-Bedroom apartments and Eight Two-Bedroom apartments. With average rents below fair market, the ideal buyer will take over ownership and maximize value by increasing the rents steadily over time. The property has been well-maintained and, in recent years, stabilized with capital improvements, allowing for a new owner to focus on bringing the rents to fair market. Seller is seeking an as-is sale with a qualified buyer.