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910 E Cedar Ave 3 Unit Apartment Building $450,000 ($150,000/Unit) 6.67% Cap Rate Manitowoc, WI 54220
Investment Highlights
- Fully occupied 3-unit condo portfolio generating $3,600/month, offered with seller financing and strong cash flow potential.
Executive Summary
Rare opportunity to acquire a fully occupied 3-unit condo portfolio with seller financing. Property generates $3,600/month in current rental income with upside potential—two units leased at $1,250/month on one-year leases, and one unit at $1,100/month on a month-to-month basis, offering immediate opportunity to increase rents to market levels. Seller financing terms include 20% down, 6% interest with interest-only payments, and a 5-year balloon, with lower interest rates available for buyers with larger down payments. No traditional bank financing required. Ideal for investors seeking strong cash flow and flexible financing. Proof of funds and income required prior to showings.
Financial Summary (Actual - 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 (Actual - 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 | $450,000 | Property Type | Multifamily |
| Price Per Unit | $150,000 | Property Subtype | Apartment |
| Sale Type | Investment | Building Size | 2,829 SF |
| Cap Rate | 6.67% | Average Occupancy | 100% |
| Sale Condition | Bulk/Portfolio Sale | No. Stories | 1 |
| Gross Rent Multiplier | 10.42 | Year Built | 1984 |
| No. Units | 3 |
| Price | $450,000 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| Cap Rate | 6.67% |
| Sale Condition | Bulk/Portfolio Sale |
| Gross Rent Multiplier | 10.42 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Size | 2,829 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1984 |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Moderately bikeable
60/100
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WEST MANAGEMENT LLC
910 E Cedar Ave
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