Historical Multifamily Sale Listing - Verlin Road Estates

Multifamily For Sale

This Multifamily property is Off-Market. Search below to find active commercial real estate for sale or lease.

Browse More Listings in Multifamily For Sale, Green Bay, WI or Wisconsin

Verlin Road Estates

1785 Verlin Rd, Green Bay, WI 54311

N/A

28 Units | Multifamily

  • Print

Multifamily Property - Off Market

Price:
N/A
No. Units:
28
Building Size:
29,512 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
1.75%
Cap Rate:
7%
Gross Rent Multiplier:
8.60
Occupancy:
97%
No. Stories:
2
Year Built:
2004
Lot Size:
2.79 AC
Listing ID
15512676
Last Updated
over 1 year ago

Highlights

  • In Unit Laundry
  • Attached Garages
  • Fireplaces
  • Loft Units
  • Excellent Location
  • $100,000 Below Appraised Value

Description

This 28 unit apartment building is located in one of Green Bay' s fastest growing suburbs and is a unique opportunity. It is a high end luxury apartment building that is rarely found outside of multi-hundred unit complexes. All units have their own laundry facilities included. Most have attached garages and some even have gas fireplaces. The building is a great mix of 2 bedroom 2 bath, 2 bedroom 1 bath, and 2 bedroom loft units. The property is only four years old and is price over $100,000 below the appraised value from when it was built. The complex is professionally managed by Mac Ewen Property Management. There is no deferred maintenance in the complex and when walking through the complex you' ll notice the small touches that make this a great long term investment. Quality light fixtures throughout, high quality windows, doors, and cabinetry will keep this property competitive for decades. Moreover, the rents are currently well below market and will have room to increase immediately.

Green Bay, WI has an excellent record of job growth. In 2005, Green Bay had the 5th highest percentage job growth in the nation. Green Bay has also been ranked in the top ten in the nation for areas that encourage new start up businesses.

Map of 1785 Verlin Rd, Green Bay, WI 54311 (Brown County)

Research for 1785 Verlin Rd, Green Bay, WI 54311 (Brown County)

  • Demographics – Population, income & other demographics near 1785 Verlin Rd
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building