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228 Enterprise St 16 Unit Apartment Building $1,280,000 ($80,000/Unit) Stockbridge, WI 53088
Executive Summary
Exceptional investment opportunity! This 16-unit apartment complex has been extensively renovated with numerous recent improvements, including new siding, soffit, fascia, interior and exterior lighting, electrical, deck railings and new water heaters. The property offers on-site parking and the convenience of in-unit washers and dryers for tenants. With too many updates to list this well-maintained complex showcases pride of ownership and reduced future maintenance concerns. Review the attached updates document for a complete list of improvements. A turnkey property with strong rental appeal and long-term value.
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- Operating and Financials
Property Facts
| Price | $1,280,000 | Building Class | C |
| Price Per Unit | $80,000 | Lot Size | 0.95 AC |
| Sale Type | Investment | Building Size | 7,480 SF |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1978 |
| Property Subtype | Apartment | Parking Ratio | 2.14/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | Commercial | ||
| Price | $1,280,000 |
| Price Per Unit | $80,000 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.95 AC |
| Building Size | 7,480 SF |
| No. Stories | 2 |
| Year Built | 1978 |
| Parking Ratio | 2.14/1,000 SF |
| Zoning | Commercial |
Amenities
Unit Amenities
- Refrigerator
- Oven
- Deck
- Patio
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | - |
1 1
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 14789 | Improvements Assessment | $743,700 |
| Land Assessment | $49,000 | Total Assessment | $792,700 |
Property Taxes
Parcel Number
14789
Land Assessment
$49,000
Improvements Assessment
$743,700
Total Assessment
$792,700
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228 Enterprise St
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