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Multifamily

Neenah Riverwalk Apartments

212 E Doty Ave, Neenah, WI 54956

Listing Price: $1,475,000

Cap Rate
6.78%
Number of Units
14
Occupancy
80.0%
Price/Unit
$105,357
Price/Gross SF
$140.96
Gross SF
10,464

Investment Overview

Marcus & Millichap is pleased to present to investors Neenah Riverwalk Apartments, a 14-unit apartment building located in downtown Neenah, Wisconsin (Winnebago County). Neenah Riverwalk Apartments is an all-brick apartment building in exceptional condition that was constructed in 1978. Located in downtown Neenah, the property features 14 1-Bedroom/1-Bath units approximately 675 square feet in size. Twelve of the fourteen units are fully furnished and rented on short term leases. Each furnished unit is equipped with a fully stocked kitchen, linens, towels, bedding, WiFi, TV, and furniture. The remaining two units are unfurnished. Located at the mid-way point between Oshkosh and Appleton, Neenah is a vibrant community in the heart of the Fox Valley. Downtown Neenah is within a 15-minute drive to many of the region’s large corporations. The Fox Valley is home to many large employers, driving a need for skilled labor and many times, temporary labor. Traveling professionals, interns, tourists, and even snow-birds are attracted to the property because of the fantastic location, furnished units, and flexible leases. This offering provides an investor the opportunity to assume control of a successful business model that provides remaining upside through furnishing the remaining units and organic rent growth as traveler demand returns.

Investment Highlights

  • Excellent Downtown Neenah Location
  • Well Maintained Building
  • Furnished Units

Exclusively Listed By

Multifamily

Neenah Riverwalk Apartments

Listing Price: $1,475,000

Cap Rate
6.78%
Number of Units
14
Occupancy
80.0%
Price/Unit
$105,357
Price/Gross SF
$140.96
Gross SF
10,464

Investment Highlights

  • Excellent Downtown Neenah Location
  • Well Maintained Building
  • Furnished Units

Investment Overview

Marcus & Millichap is pleased to present to investors Neenah Riverwalk Apartments, a 14-unit apartment building located in downtown Neenah, Wisconsin (Winnebago County). Neenah Riverwalk Apartments is an all-brick apartment building in exceptional condition that was constructed in 1978. Located in downtown Neenah, the property features 14 1-Bedroom/1-Bath units approximately 675 square feet in size. Twelve of the fourteen units are fully furnished and rented on short term leases. Each furnished unit is equipped with a fully stocked kitchen, linens, towels, bedding, WiFi, TV, and furniture. The remaining two units are unfurnished. Located at the mid-way point between Oshkosh and Appleton, Neenah is a vibrant community in the heart of the Fox Valley. Downtown Neenah is within a 15-minute drive to many of the region’s large corporations. The Fox Valley is home to many large employers, driving a need for skilled labor and many times, temporary labor. Traveling professionals, interns, tourists, and even snow-birds are attracted to the property because of the fantastic location, furnished units, and flexible leases. This offering provides an investor the opportunity to assume control of a successful business model that provides remaining upside through furnishing the remaining units and organic rent growth as traveler demand returns.

Exclusively Listed By

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