Multifamily

1320 Riverside Drive

1320 Riverside Drive, Fort Atkinson, WI 53538

Listing Price: $1,650,000

Cap Rate
5.39%
Number of Units
16
GRM
9.91
Occupancy
96.0%
Price/Unit
$103,125
Price/Gross SF
$82.90
Gross SF
19,904

Investment Overview

The building was constructed in 1988 and contains 19,916 S.F. (per assessor's records). It comprises 3 bedroom, 2 bath units. They all have private entrances with gas-fired furnaces, central air, and 40 gallon gas-fired water heaters. There is a 600 amp electric panel with 17 meters (one common area meter). The tenants are responsible for all utilities (including water and sewer) with the exception of exterior lighting/garage electric and an outside water expense. A refrigerator, electric stove, dishwasher, and fan/hood are included. Each unit has a laundry alcove (all washers and dryers are provided by each tenant except for one unit) and patio or balcony. Each master bedroom suite has a walk-in closet.

Investment Highlights

  • Private Entrances
  • All Units Have Patio or Balcony
  • Master Bedrooms Have Walk-In Closets
  • 16 Car Detached Garage and 33 Surface Parking Spaces

Exclusively Listed By

Listing Price: $1,650,000

Cap Rate
5.39%
Number of Units
16
GRM
9.91
Occupancy
96.0%
Price/Unit
$103,125
Price/Gross SF
$82.90
Gross SF
19,904

Investment Highlights

  • Private Entrances
  • All Units Have Patio or Balcony
  • Master Bedrooms Have Walk-In Closets
  • 16 Car Detached Garage and 33 Surface Parking Spaces

Investment Overview

The building was constructed in 1988 and contains 19,916 S.F. (per assessor's records). It comprises 3 bedroom, 2 bath units. They all have private entrances with gas-fired furnaces, central air, and 40 gallon gas-fired water heaters. There is a 600 amp electric panel with 17 meters (one common area meter). The tenants are responsible for all utilities (including water and sewer) with the exception of exterior lighting/garage electric and an outside water expense. A refrigerator, electric stove, dishwasher, and fan/hood are included. Each unit has a laundry alcove (all washers and dryers are provided by each tenant except for one unit) and patio or balcony. Each master bedroom suite has a walk-in closet.

Exclusively Listed By

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