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Multifamily

Elderhaven Apartments

140 Ridge Rd, Walworth, WI 53184

Listing Price: $1,155,000

Cap Rate
6.75%
Number of Units
15
GRM
7.51
Occupancy
95.0%
Price/Unit
$77,000
Price/Gross SF
$106.94
Gross SF
10,800

Investment Overview

Elderhaven Apartments - Marcus & Millichap is pleased to present a Elderhaven Apartments located at 140 Ridge Rd Walworth, Wisconsin, Wisconsin, 60 miles southwest of Milwaukee and 75 miles northwest of Chicago.

The subject property was built in 1992 & 2015 and consists of two well-maintained buildings on one large lot with 15 units in total. The property consists of 8 one bedroom/one-bathroom and 7 two bedroom/one-bathroom, approximately 720 square feet each. Ownership charges $860 for a single tenant, $960 for two tenants, and $50 for garage parking. Amenities include in-unit laundry, patios, an outside common area, and ample parking spots on a paved lot. Each unit has sleeve air conditioning, and tenants pay their own water and electric heat.

Elderhaven Apartments is located a few miles from the Illinois/Wisconsin border, and just two-and-one-half miles from Geneva Lake. Lake Geneva is a resort city on Geneva Lake in southeastern Wisconsin. The lakeside Shore Path is dotted with Gilded Age mansions, many built by wealthy Chicagoans. Walworth Countys number six ranking among all Wisconsin counties in tourism. 2020 marks the 10th consecutive year of tourism growth for Walworth County.

The property is accessible by US Highway 14 and Wisconsin Highway 67 and is within a four-minute drive from the nearest grocery store, elementary school, and high school.

Walworth has a diverse group of employers including: Grand Geneva Resort & Spa (500+), Wal-Mart (500+), Miniature Precision Components Inc. (500+), Pentair Water (500+), Aurora Health Care (500+) and more.

Investment Highlights

  • 2 Building; 15 Units; Built in 1992 & 2015
  • 2.29 Acres
  • Individual Electric Furnaces
  • Range, Refrigerator, In Unit W/D
  • Ample Parking

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    License(s): WI: 56163-90

    Wisconsin

Financing By

Multifamily

Elderhaven Apartments

Listing Price: $1,155,000

Cap Rate
6.75%
Number of Units
15
GRM
7.51
Occupancy
95.0%
Price/Unit
$77,000
Price/Gross SF
$106.94
Gross SF
10,800

Investment Highlights

  • 2 Building; 15 Units; Built in 1992 & 2015
  • 2.29 Acres
  • Individual Electric Furnaces
  • Range, Refrigerator, In Unit W/D
  • Ample Parking

Investment Overview

Elderhaven Apartments - Marcus & Millichap is pleased to present a Elderhaven Apartments located at 140 Ridge Rd Walworth, Wisconsin, Wisconsin, 60 miles southwest of Milwaukee and 75 miles northwest of Chicago.

The subject property was built in 1992 & 2015 and consists of two well-maintained buildings on one large lot with 15 units in total. The property consists of 8 one bedroom/one-bathroom and 7 two bedroom/one-bathroom, approximately 720 square feet each. Ownership charges $860 for a single tenant, $960 for two tenants, and $50 for garage parking. Amenities include in-unit laundry, patios, an outside common area, and ample parking spots on a paved lot. Each unit has sleeve air conditioning, and tenants pay their own water and electric heat.

Elderhaven Apartments is located a few miles from the Illinois/Wisconsin border, and just two-and-one-half miles from Geneva Lake. Lake Geneva is a resort city on Geneva Lake in southeastern Wisconsin. The lakeside Shore Path is dotted with Gilded Age mansions, many built by wealthy Chicagoans. Walworth Countys number six ranking among all Wisconsin counties in tourism. 2020 marks the 10th consecutive year of tourism growth for Walworth County.

The property is accessible by US Highway 14 and Wisconsin Highway 67 and is within a four-minute drive from the nearest grocery store, elementary school, and high school.

Walworth has a diverse group of employers including: Grand Geneva Resort & Spa (500+), Wal-Mart (500+), Miniature Precision Components Inc. (500+), Pentair Water (500+), Aurora Health Care (500+) and more.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    License(s): WI: 56163-90

    Wisconsin

Financing By

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