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4486 Gray Rd 122 Unit Apartment Building $1,793,000 ($14,697/Unit) Deforest, WI 53532
INVESTMENT HIGHLIGHTS
- Approved 122 Unit multi-family apartment development.
- 4 Stories (12 studios, 48 one beds & 62 two beds)
- 22 Garage parking & 162 Surface parking stalls
- Seller could stay part of the development entity for the approved plans if needed
EXECUTIVE SUMMARY
Take advantage of this ready-to-develop investment opportunity in Windsor, WI. This 9.883-acre property is city-approved for a 122-unit multi-family complex, boasting a strategic location at the intersection of Gray Rd & CTH CV. The proposed development includes 12 studios, 48 one-bedroom, and 62 two-bedroom apartments across a 4-story building. With 22 garage parking stalls and 162 surface parking spaces, convenience is key for residents. The project has city approval until May 23, 2026 with potential for an extension upon request. Perfectly situated just 7 miles from Madison's East Side, this property offers a blend of suburban tranquility and urban accessibility. Don't miss this chance to own a lucrative piece of real estate in a rapidly growing area. Ideal for investors looking to capitalize on the increasing demand for multi-family housing in the region.**** Seller could stay part of the development entity for the approved plans if needed ****
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $1,793,000 | Lot Size | 6.26 AC |
| Price Per Unit | $14,697 | Construction Status | Under Construction |
| Sale Type | Investment | Building Size | 122,000 SF |
| No. Units | 122 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2027 |
| Property Subtype | Apartment | Parking Ratio | 1.52/1,000 SF |
| Building Class | B | ||
| Zoning | G2-G5 | ||
| Price | $1,793,000 |
| Price Per Unit | $14,697 |
| Sale Type | Investment |
| No. Units | 122 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 6.26 AC |
| Construction Status | Under Construction |
| Building Size | 122,000 SF |
| No. Stories | 4 |
| Year Built | 2027 |
| Parking Ratio | 1.52/1,000 SF |
| Zoning | G2-G5 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $350,900 | Total Assessment | $350,900 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$350,900
Improvements Assessment
$0
Total Assessment
$350,900
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4486 Gray Rd
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