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Multifamily

Jordan Apartments

218 N Main St, Fort Atkinson, WI 53538

Listing Price: $1,525,000

Cap Rate
6.53%
Number of Units
24
Occupancy
100.0%
Price/Unit
$63,542
Price/Gross SF
$100.49
Gross SF
15,176

Investment Overview

Marcus & Millichap is pleased to offer the Jordan Apartments. Jordan Apartments is a 24-unit property comprised of one brick masonry-built building in a community style environment located in Fort Atkinson Wisconsin. Jordan Apartments sits on over 25,000 SF of land and has a healthy mix of eight one-bedroom and 16 two-bedroom units each with private entrances. The building was built in 1998 and has been upgraded throughout ownership. Each unit is separately metered with tenants paying gas and electric, while ownership paying for water, sewer, and common area electric The one-bedroom units range in size from 410-491 square feet with an open ?oor concept with a large bedroom and closet. The two-bedroom units range from 572-795 square feet. Other apartment features include central air, balcony or patio, Laundry units on site, dishwasher, vinyl ?ooring, and wheelchair accessible rooms. Fort Atkinson is a town located in the south-central area, in Jefferson County, Wisconsin. The population is roughly 12,500 and is located 30 miles south east of Madison and 50 miles southwest of Milwaukee. Fort Atkinson has an average household income of roughly $54,000 and is the third largest city in Jefferson county. Property sits on N Main street near the heart of downtown Fort Atkinson a block away from Rock River. In Walking distance to Festival Foods, McDonald’s, anytime ?tness, and Fort Memorial Hospital which is the largest employer in Fort Atkinson. This is an opportunity to own an extremely well-maintained apartment complex in Jefferson county with pride of ownership and ability to grow cash?ow over time.

Investment Highlights

  • Ample Parking That is Included in Rent
  • Healthy Mix of One Bed and Two Bed Units
  • Centrally Located in Downtown Fort Atkinson

Exclusively Listed By

  • Patrick Suffield

    Associate

    (312) 327-5419

    Email Patrick

    License(s): IL: 475.179485, MI: 6501424960

    Chicago Downtown

  • David B. Tarnoff

    First Vice President Investments

    (312) 624-7017

    Email David

    License(s): IL: 471.009921, WI: 50698-94, IN: RB14050851

    Chicago Downtown

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    (262) 364-1964

    License(s) WI: 56163-90

    Wisconsin

Financing By

Multifamily

Jordan Apartments

Listing Price: $1,525,000

Cap Rate
6.53%
Number of Units
24
Occupancy
100.0%
Price/Unit
$63,542
Price/Gross SF
$100.49
Gross SF
15,176

Investment Highlights

  • Ample Parking That is Included in Rent
  • Healthy Mix of One Bed and Two Bed Units
  • Centrally Located in Downtown Fort Atkinson

Investment Overview

Marcus & Millichap is pleased to offer the Jordan Apartments. Jordan Apartments is a 24-unit property comprised of one brick masonry-built building in a community style environment located in Fort Atkinson Wisconsin. Jordan Apartments sits on over 25,000 SF of land and has a healthy mix of eight one-bedroom and 16 two-bedroom units each with private entrances. The building was built in 1998 and has been upgraded throughout ownership. Each unit is separately metered with tenants paying gas and electric, while ownership paying for water, sewer, and common area electric The one-bedroom units range in size from 410-491 square feet with an open ?oor concept with a large bedroom and closet. The two-bedroom units range from 572-795 square feet. Other apartment features include central air, balcony or patio, Laundry units on site, dishwasher, vinyl ?ooring, and wheelchair accessible rooms. Fort Atkinson is a town located in the south-central area, in Jefferson County, Wisconsin. The population is roughly 12,500 and is located 30 miles south east of Madison and 50 miles southwest of Milwaukee. Fort Atkinson has an average household income of roughly $54,000 and is the third largest city in Jefferson county. Property sits on N Main street near the heart of downtown Fort Atkinson a block away from Rock River. In Walking distance to Festival Foods, McDonald’s, anytime ?tness, and Fort Memorial Hospital which is the largest employer in Fort Atkinson. This is an opportunity to own an extremely well-maintained apartment complex in Jefferson county with pride of ownership and ability to grow cash?ow over time.

Exclusively Listed By

  • Patrick Suffield

    Associate

    (312) 327-5419

    Email Patrick

    License(s): IL: 475.179485, MI: 6501424960

    Chicago Downtown

  • David B. Tarnoff

    First Vice President Investments

    (312) 624-7017

    Email David

    License(s): IL: 471.009921, WI: 50698-94, IN: RB14050851

    Chicago Downtown

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    (262) 364-1964

    License(s): WI: 56163-90

    Wisconsin

Financing By

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