15 Tri Park Way | Appleton, WI 54914
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15 Tri Park Way
Appleton, WI 54914
Tech Village Student Living · Multifamily Property For Sale
·
59 Units
INVESTMENT HIGHLIGHTS
- Attractive assumable debt financing - $7.8MM in proceeds, 3.68% rate, and seven years of term remaining.
- Affiliation agreement - Tech Village serves as FVTC’s only “on-campus” student housing.
- Turnkey investment - Property was built in 2016 by one of Wisconsin’s top developers and is in great condition.
- Strong in-place occupancy - Tech Village is over 97% occupied for the 22-23 AY.
- One of the highest-ranking technical colleges in the country - Niche ranks Fox Valley Technical College as the #3 community college in the country.
- Value-add opportunity to increase revenue - New ownership has the opportunity to increase the number of double occupancy bedrooms at the property.
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Fitness Center
- Laundry Facilities
- Furnished Units Available
- Wi-Fi
- Lounge
- Individual Locking Bedrooms
- Roommate Matching
- Study Lounge
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
| 4+2 | 54 | - | - |
PROPERTY TAXES
| Parcel Number | 10-2-3185-01 | Improvements Assessment | $5,845,500 |
| Land Assessment | $246,400 | Total Assessment | $6,091,900 |
PROPERTY TAXES
Parcel Number
10-2-3185-01
Land Assessment
$246,400
Improvements Assessment
$5,845,500
Total Assessment
$6,091,900
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