Log In/Sign Up
Your email has been sent.
8216 199th Ave 6 Unit Apartment Building $650,000 ($108,333/Unit) Bristol, WI 53104
Investment Highlights
- Fully renovated in 2022, offering updated interiors and modern finishes.
- Individual electric and gas metering for tenants, reducing owner utility costs.
- Prime location near I-94 and U.S. Highway 45, providing easy access to Milwaukee and Chicago.
- Strong unit mix with one studio, two one-bedroom, and three two-bedroom apartments.
- Convenient on-site amenities including coin-operated laundry and two separate garages.
Executive Summary
This six-unit apartment building in the Village of Bristol offers an exceptional investment opportunity in a growing Kenosha County market. Situated on approximately 0.29 acres, the property features a mix of one studio, two one-bedroom units, and three two-bedroom units, providing a balanced unit mix that appeals to a wide range of tenants. The building underwent significant renovations in 2022, ensuring modernized interiors while maintaining structural integrity.
The property includes individual electric and gas metering for tenants, reducing owner expenses, and a master water/sewer system. Additional amenities include coin-operated laundry facilities and two separate garage spaces, complementing six surface parking spots for tenant convenience. The building’s wood frame construction with vinyl siding and asphalt shingle roof ensures durability and low maintenance.
Located near major transportation routes, including I-94 and U.S. Highway 45, the property offers easy access to both Milwaukee and Chicago markets. The surrounding area features strong demographics, with over 125,000 residents within a 10-mile radius and an average household income exceeding $100,000. This strategic location, combined with a pro forma cap rate of 7.29%, positions the asset as a compelling choice for investors seeking stable cash flow and long-term appreciation potential.
The property includes individual electric and gas metering for tenants, reducing owner expenses, and a master water/sewer system. Additional amenities include coin-operated laundry facilities and two separate garage spaces, complementing six surface parking spots for tenant convenience. The building’s wood frame construction with vinyl siding and asphalt shingle roof ensures durability and low maintenance.
Located near major transportation routes, including I-94 and U.S. Highway 45, the property offers easy access to both Milwaukee and Chicago markets. The surrounding area features strong demographics, with over 125,000 residents within a 10-mile radius and an average household income exceeding $100,000. This strategic location, combined with a pro forma cap rate of 7.29%, positions the asset as a compelling choice for investors seeking stable cash flow and long-term appreciation potential.
Property Facts
| Price | $650,000 | Building Class | C |
| Price Per Unit | $108,333 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 4,458 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1910/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.12/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | B-2 - General Business District | ||
| Price | $650,000 |
| Price Per Unit | $108,333 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 4,458 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1910/2022 |
| Parking Ratio | 1.12/1,000 SF |
| Zoning | B-2 - General Business District |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 645 |
1 1
Property Taxes
| Parcel Number | 37-4-121-083-0656 | Improvements Assessment | $229,000 |
| Land Assessment | $40,400 | Total Assessment | $269,400 |
Property Taxes
Parcel Number
37-4-121-083-0656
Land Assessment
$40,400
Improvements Assessment
$229,000
Total Assessment
$269,400
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
8216 199th Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.