Investment Overview

Marcus and Millichap is pleased to offer Sunshine Circle Apartments, a 102-unit multifamily community located at 24, 100, 101, 110, 111, 120, and 121 Sunshine Circle in Chippewa Falls, Wisconsin. Chippewa Falls is a growing community known for its strong employment base, high quality of life, and small-town charm. The city benefits from its proximity to Eau Claire, providing residents with convenient access to major healthcare systems, educational institutions, shopping, dining, and entertainment options. Home to notable employers, regional manufacturing operations, and the iconic Leinenkugel’s Brewery, Chippewa Falls continues to experience steady economic growth and population stability, making it an attractive market for both residents and investors alike. Its blend of recreational amenities, scenic parks, and access to major transportation corridors contributes to strong rental demand throughout the region. Sunshine Circle Apartments consists of seven well-maintained apartment buildings constructed between 1996 and 2001 and encompasses approximately 87,946 square feet of rentable area. The community features a well-balanced mix of studio, one-bedroom, and two-bedroom residences designed to appeal to a broad tenant base. The community consists of 2 studio units, 77 one-bedroom units, and 23 two-bedroom units, offering floor plans ranging from approximately 445 square feet to 1,570 square feet. Current rental rates range from approximately $775 per month for studio apartments to as much as $1,250 per month for select two-bedroom units, while the property’s overall weighted average rent is approximately $908 per unit per month. The varied floor plans and affordable rental options contribute to strong resident demand and long-term occupancy stability. Residents benefit from an attractive amenity package that includes a combination of on-site laundry facilities, landlord-supplied in-unit washers and dryers, washer and dryer hookups, and additional storage options in select units. Apartment homes feature full kitchens with a range, refrigerator, dishwasher, and microwave or hood vent, along with additional living space and private outdoor amenities for residents to enjoy. Parking options include surface lot parking, detached garages, and attached garages depending on the building and unit configuration. The property is pet-friendly and accommodates both cats and dogs, further enhancing its appeal to prospective tenants. Utility configurations vary by building, with a combination of electric baseboard heat, PTAC systems, and gas furnaces serving the apartment units. Air conditioning is provided through either sleeve units, PTAC systems, or central air conditioning depending on the building. Residents are responsible for electricity, gas, electric hot water service, and internet. Water and sewer costs are either paid directly to the municipality or billed back to residents, depending on the building. Residents in Buildings 101, 111, and 121 are also responsible for trash and recycling charges, while ownership maintains responsibility for all remaining utilities and common area expenses.