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Student Housing

880 Union St

880 Union St, Platteville, WI 53818

Listing Price: $1,900,000

Cap Rate
6.19%
Number of Units
19
Occupancy
100.0%
Price/Unit
$100,000
Price/Gross SF
$75.00
Gross SF
25,332

Investment Overview

Marcus & Millichap is pleased to present a 19-unit student housing apartment complex in the City of Platteville, Wisconsin. Platteville is the largest city in Grant County in southwestern Wisconsin. The Pioneer Ridge Apartment Building is located at 880 Union Street. It comprises a 0.68-acre parcel improved with a 10-unit apartment building. The 2-story building was constructed in 1999 and contains 13,362 S.F. (per assessor's office). All 10 units (approximately 1,200 square feet each) comprise 4 bedrooms and 2 bathrooms. Each apartment unit has a laundry room with washer and dryer provided. The Pioneer Court Apartment Building is located at 830 Union Street. It comprises a 0.62-acre parcel improved with a 9-unit apartment building. The 3-story building was constructed in 1997 and contains 11,970 S.F. (per assessor's office). All 9 units (approximately 1,200 square feet each) comprise 4 bedrooms and 2 bathrooms. The windows were replaced about 10 years ago. There are common area laundry rooms (one per floor) with one washer and two dryers. Each building is slab on grade with a vinyl sided exterior, pitched roof with dimensional shingle covering, aluminum soffits, fascia, gutters and downspouts. The units all have electric baseboard heat. A refrigerator, stove, dishwasher and air conditioner are included. There is adequate on-site parking on asphalt paved lots. The tenants (in both apartment buildings) are responsible for their own electric and water/sewer. All units include free WiFi internet access. The apartments are located within half a mile from the University of Wisconsin-Platteville campus.

Investment Highlights

  • Approximately half a mile from the University of Wisconsin - Platteville Campus
  • Low maintenance exteriors
  • All units have 4 bedrooms and 2 bathrooms
  • Each unit includes a refrigerator, stove, dishwashers, and sleeve air conditioner
  • Tenants are responsible for all utilities (including water and sewer)

Exclusively Listed By

Financing By

Listing Price: $1,900,000

Cap Rate
6.19%
Number of Units
19
Occupancy
100.0%
Price/Unit
$100,000
Price/Gross SF
$75.00
Gross SF
25,332

Investment Highlights

  • Approximately half a mile from the University of Wisconsin - Platteville Campus
  • Low maintenance exteriors
  • All units have 4 bedrooms and 2 bathrooms
  • Each unit includes a refrigerator, stove, dishwashers, and sleeve air conditioner
  • Tenants are responsible for all utilities (including water and sewer)

Investment Overview

Marcus & Millichap is pleased to present a 19-unit student housing apartment complex in the City of Platteville, Wisconsin. Platteville is the largest city in Grant County in southwestern Wisconsin. The Pioneer Ridge Apartment Building is located at 880 Union Street. It comprises a 0.68-acre parcel improved with a 10-unit apartment building. The 2-story building was constructed in 1999 and contains 13,362 S.F. (per assessor's office). All 10 units (approximately 1,200 square feet each) comprise 4 bedrooms and 2 bathrooms. Each apartment unit has a laundry room with washer and dryer provided. The Pioneer Court Apartment Building is located at 830 Union Street. It comprises a 0.62-acre parcel improved with a 9-unit apartment building. The 3-story building was constructed in 1997 and contains 11,970 S.F. (per assessor's office). All 9 units (approximately 1,200 square feet each) comprise 4 bedrooms and 2 bathrooms. The windows were replaced about 10 years ago. There are common area laundry rooms (one per floor) with one washer and two dryers. Each building is slab on grade with a vinyl sided exterior, pitched roof with dimensional shingle covering, aluminum soffits, fascia, gutters and downspouts. The units all have electric baseboard heat. A refrigerator, stove, dishwasher and air conditioner are included. There is adequate on-site parking on asphalt paved lots. The tenants (in both apartment buildings) are responsible for their own electric and water/sewer. All units include free WiFi internet access. The apartments are located within half a mile from the University of Wisconsin-Platteville campus.

Exclusively Listed By

Financing By

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