Multifamily

Eagle Apartments

Listing Price: $1,175,000

Cap Rate
6.07%
Number of Units
18
GRM
7.56
Occupancy
95.00%
Price/Unit
$65,278
Price/Gross SF
$74.60
Gross SF
15,750

Investment Overview

Marcus & Millichap is pleased to present Eagle Apartments in the Village of Eagle (Waukesha County).

The property comprises an approximate 2.02-acre parcel improved with one (1) 18-unit walk up style apartment building. The original section was constructed in the early 1900s, while the addition was built in the 1960s (per owner). The building was converted from a schoolhouse to an apartment building in 1990 (according to the owner). It has an attractive unit mix with one bedroom, two bedroom, and three bedroom units. The building has a brick and stucco type exterior and a pitched roof with composition shingle covering. The windows are casement units. There is adequate surface parking (approximately 26 spaces) and garage parking (10 stalls).

A refrigerator, stove, and dishwasher are included with each unit. Each apartment has a Magic-Pak HVAC unit and gas-fired water heater. The owner is responsible for common area gas and electric along with the water and sewer expense. There is a common area laundry room with coin operated washers and dryers.

Investment Highlights

  • Large Units
  • Garage Parking
  • Excellent Sound Proofing

Exclusively Listed By

Listing Price: $1,175,000

Cap Rate
6.07%
Number of Units
18
GRM
7.56
Occupancy
95.00%
Price/Unit
$65,278
Price/Gross SF
$74.60
Gross SF
15,750

Investment Highlights

  • Large Units
  • Garage Parking
  • Excellent Sound Proofing

Investment Overview

Marcus & Millichap is pleased to present Eagle Apartments in the Village of Eagle (Waukesha County).

The property comprises an approximate 2.02-acre parcel improved with one (1) 18-unit walk up style apartment building. The original section was constructed in the early 1900s, while the addition was built in the 1960s (per owner). The building was converted from a schoolhouse to an apartment building in 1990 (according to the owner). It has an attractive unit mix with one bedroom, two bedroom, and three bedroom units. The building has a brick and stucco type exterior and a pitched roof with composition shingle covering. The windows are casement units. There is adequate surface parking (approximately 26 spaces) and garage parking (10 stalls).

A refrigerator, stove, and dishwasher are included with each unit. Each apartment has a Magic-Pak HVAC unit and gas-fired water heater. The owner is responsible for common area gas and electric along with the water and sewer expense. There is a common area laundry room with coin operated washers and dryers.

Exclusively Listed By

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