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350-360 E Birch Ave 82 Unit Apartment Building $4,500,000 ($54,878/Unit) 7.77% Cap Rate Barron, WI 54812
EXECUTIVE SUMMARY
1.2M in recent improvements. All new roofing and siding. $100,000 in floor coverings in the common areas last year.
The property consists of eighty-two units on 5.13 acres comprising of seventeen studio units, seventeen one-bedroom units, twenty four two-bedroom units, and twenty four three-bedroom units. Three detached garages are located around the property and have space for 40 vehicles. Land improvements include asphalt paved drives and parking areas and landscaping. Great occupancy - solid steady property!
The property consists of eighty-two units on 5.13 acres comprising of seventeen studio units, seventeen one-bedroom units, twenty four two-bedroom units, and twenty four three-bedroom units. Three detached garages are located around the property and have space for 40 vehicles. Land improvements include asphalt paved drives and parking areas and landscaping. Great occupancy - solid steady property!
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $4,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $54,878 | Building Class | B |
| Sale Type | Investment | Lot Size | 5.15 AC |
| Cap Rate | 7.77% | Building Size | 91,050 SF |
| No. Units | 82 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1990 |
| Property Subtype | Apartment | Parking Ratio | 0.59/1,000 SF |
| Price | $4,500,000 |
| Price Per Unit | $54,878 |
| Sale Type | Investment |
| Cap Rate | 7.77% |
| No. Units | 82 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 5.15 AC |
| Building Size | 91,050 SF |
| No. Stories | 3 |
| Year Built | 1990 |
| Parking Ratio | 0.59/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 16 | - | 1,000 |
| 1+1 | 19 | - | 750 |
| 2+1 | 25 | - | 1,200 |
| 3+1 | 22 | - | 1,400 |
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PROPERTY TAXES
| Parcel Numbers | Total Assessment | $3,133,700 (2024) | |
| Land Assessment | $127,300 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $3,006,400 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$127,300 (2024)
Improvements Assessment
$3,006,400 (2024)
Total Assessment
$3,133,700 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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350-360 E Birch Ave
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