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Multifamily

1003 Zeisler St

1003 Zeisler St, La Crosse, WI 54601

Listing Price: $2,400,000

Cap Rate
6.05%
Number of Units
64
Occupancy
100.0%
Price/Unit
$37,500
Price/Gross SF
$82.70
Gross SF
29,020

Investment Overview

Marcus & Millichap is pleased to present 1003 Zeisler Street, a 64-unit apartment building located in the City of La Crosse, Wisconsin. La Crosse is positioned alongside the Mississippi River and is the largest city on Wisconsin's western border. The property comprises a 1.985 acre parcel improved with a 2-story apartment building. It was constructed in 1970 and contains 29,020 S.F. of above-grade, gross building area (per assessor's records). The building has a vinyl sided exterior and flat roof with reported rubber membrane covering. The windows are original, metal slide-by combination units. The building consists of all studio units. Each unit includes a refrigerator, gas stove, and air conditioner. Each unit has a wall-mounted, gas-fired heater. A basement laundry room houses 4 leased washers and 4 leased dryers (there is reportedly no laundry room lease agreement). The water softener is also leased. The gas-fired water heaters were replaced in 2014 and 2019. There is adequate on site parking on asphalt paving

Investment Highlights

  • Desirable Residential Neighborhood
  • Stabilized Occupancy
  • Low Maintenance Exterior (Vinyl Siding with Aluminum Soffits and Fascia)
  • Adequate Surface Parking

Exclusively Listed By

Financing By

Listing Price: $2,400,000

Cap Rate
6.05%
Number of Units
64
Occupancy
100.0%
Price/Unit
$37,500
Price/Gross SF
$82.70
Gross SF
29,020

Investment Highlights

  • Desirable Residential Neighborhood
  • Stabilized Occupancy
  • Low Maintenance Exterior (Vinyl Siding with Aluminum Soffits and Fascia)
  • Adequate Surface Parking

Investment Overview

Marcus & Millichap is pleased to present 1003 Zeisler Street, a 64-unit apartment building located in the City of La Crosse, Wisconsin. La Crosse is positioned alongside the Mississippi River and is the largest city on Wisconsin's western border. The property comprises a 1.985 acre parcel improved with a 2-story apartment building. It was constructed in 1970 and contains 29,020 S.F. of above-grade, gross building area (per assessor's records). The building has a vinyl sided exterior and flat roof with reported rubber membrane covering. The windows are original, metal slide-by combination units. The building consists of all studio units. Each unit includes a refrigerator, gas stove, and air conditioner. Each unit has a wall-mounted, gas-fired heater. A basement laundry room houses 4 leased washers and 4 leased dryers (there is reportedly no laundry room lease agreement). The water softener is also leased. The gas-fired water heaters were replaced in 2014 and 2019. There is adequate on site parking on asphalt paving

Exclusively Listed By

Financing By

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