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- LoopNet Team
3419 Cleveland Ave
Marinette, WI 54143
Marinette Woods · Multifamily Property For Sale
·
48 Units
INVESTMENT HIGHLIGHTS
- Large Section 8 Multi-Family Property with Tremendous Income Potential!!!
- Solid well built masonry building with no deferred maintenance
- Located within a 1/2 mile of a Substantial Commercial Corridor (Walmart, Menards, Dunham's Sports, Kohl's, Ross, Applebee's)
- Priced substantially below replacement cost
PROPERTY FACTS
| No. Units | 48 | Building Size | 48,000 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1981 |
| Building Class | C | Parking Ratio | 1.54/1,000 SF |
| Lot Size | 2.97 AC | ||
| Zoning | RM-2 - RM-2 (Multi-Family Residential) | ||
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.97 AC |
| Building Size | 48,000 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1981 |
| Parking Ratio | 1.54/1,000 SF |
| Zoning | RM-2 - RM-2 (Multi-Family Residential) |
AMENITIES
UNIT AMENITIES
- Balcony
- Refrigerator
- Oven
- Tub/Shower
- Patio
SITE AMENITIES
- Laundry Facilities
- Property Manager on Site
- Maintenance on site
ABOUT 3419 CLEVELAND AVE , MARINETTE, WI 54143
* Large Section 8 Multi-Family Property with Tremendous Income Potential!!! * Consists of 2 buildings located on a 2.97 acre site * Includes a Mix of 2 Bedroom/1 Bathroom (50%) & 3 Bedroom/2 Bathroom (50%) Units * Large & attractively designed floor plans * Priced significantly below replacement cost at $50 / ft² * Located within a 1/2 mile of a dense retail/commercial corridor * Includes 48 Refrigerators & 48 Ranges * Area Includes an Estimated Population of 18,024 within a 5 Mile Radius & 25,968 within a 10 Mile Radius
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 24 | $609.00 | - |
| 3+2 | 24 | $766.00 | - |
PROPERTY TAXES
| Parcel Number | 251-00576.002 | Improvements Assessment | $2,077,700 |
| Land Assessment | $100,300 | Total Assessment | $2,178,000 |
PROPERTY TAXES
