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Multifamily

Clayton Apartments

217 E Clayton Ave, Clayton, WI 54004

Listing Price: $785,000

Cap Rate
6.73%
Number of Units
16
Price/Unit
$49,063

Investment Overview

Marcus & Millichap, as the exclusive listing broker, is pleased to present Clayton Apartments, located at 217 East Clayton Avenue in Clayton, Wisconsin. Clayton Apartments, conveniently located off of US Highway 63, leads to Lake Superior and to the west, via US Highway 8, only a 30-minute commute to St. Croix Falls and the Minnesota border. This highway along with WI-64/WI-35 allows for ease of travel and job commuting to St. Croix County and the eastern Metro of Minneapolis/St. Paul. This property serves the community’s growing need for long-term housing in the local work force of predominantly manufacturing and farming. These steady and numerous employment options, both within commuting distance and more locally to the area, have catered to tenants looking for an affordable and quiet lifestyle outside of a city. The apartment homes consist of both one- and two-bedroom units. In recent years, the owners have reinjected capital back into the building, such as siding, windows, concrete sidewalks, patios, and a new roof. Other amenities include laundry machines, one parking spot per tenant and green space along the building for the residents, and private exterior entrances for each apartment.

Investment Highlights

  • Private Entrances | Off-Street Parking | On-Site Laundry | Community Room
  • Approximately 10 Miles to St. Croix County | Under 50 Miles to Stillwater/Hudson
  • Estimated 9%+ Cash-on-Cash Return (Going-In) | 13%+ Cash-on-Cash Return (Pro Forma) e

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    (262) 364-1964

    License(s) WI: 56163-90

    Wisconsin

Financing By

Listing Price: $785,000

Cap Rate
6.73%
Number of Units
16
Price/Unit
$49,063

Investment Highlights

  • Private Entrances | Off-Street Parking | On-Site Laundry | Community Room
  • Approximately 10 Miles to St. Croix County | Under 50 Miles to Stillwater/Hudson
  • Estimated 9%+ Cash-on-Cash Return (Going-In) | 13%+ Cash-on-Cash Return (Pro Forma) e

Investment Overview

Marcus & Millichap, as the exclusive listing broker, is pleased to present Clayton Apartments, located at 217 East Clayton Avenue in Clayton, Wisconsin. Clayton Apartments, conveniently located off of US Highway 63, leads to Lake Superior and to the west, via US Highway 8, only a 30-minute commute to St. Croix Falls and the Minnesota border. This highway along with WI-64/WI-35 allows for ease of travel and job commuting to St. Croix County and the eastern Metro of Minneapolis/St. Paul. This property serves the community’s growing need for long-term housing in the local work force of predominantly manufacturing and farming. These steady and numerous employment options, both within commuting distance and more locally to the area, have catered to tenants looking for an affordable and quiet lifestyle outside of a city. The apartment homes consist of both one- and two-bedroom units. In recent years, the owners have reinjected capital back into the building, such as siding, windows, concrete sidewalks, patios, and a new roof. Other amenities include laundry machines, one parking spot per tenant and green space along the building for the residents, and private exterior entrances for each apartment.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    (262) 364-1964

    License(s): WI: 56163-90

    Wisconsin

Financing By

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