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92 Forest Ave
Fond du Lac, WI 54935
Forest Apartments · Multifamily Property For Sale
·
34 Units
Property Facts
| No. Units | 34 | Lot Size | 0.60 AC |
| Property Type | Multifamily | Building Size | 28,600 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | ||
| Zoning | B-4 | ||
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.60 AC |
| Building Size | 28,600 SF |
| No. Stories | 3 |
| Year Built | 1964 |
| Zoning | B-4 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Range
- Carpet
Site Amenities
- Laundry Facilities
About 92 FOREST AVE , FOND DU LAC, WI 54935
Marcus & Millichap is pleased to present Forest Apartments, a 34-unit apartment building located at 92 Forest Avenue in the city of Fond Du Lac. Forest Apartments is situated on 0.60 acres in downtown Fond du Lac. The parcel is improved with a three story apartment building that was built in 1964. There are (13) 1-Bedroom, 1-Bath units, (16) 2-Bedroom, 1-Bath units, (2) 2-Bedroom, 1.5 Bath deluxe unit, and (3) 3-Bedroom, 1.5-Bath units, giving Forest Apartments an excellent unit mix. Each unit includes a refrigerator and stove. Tenants are responsible for providing their own sleeve airconditioning unit. Parking is available on-site either underground (16 spaces) or on a surface lot (+/-15 spaces). Approximately 22 units have received new laminate flooring in the last few years. A new boiler system is being installed prior to the winter of 2018. Forest Apartments provides an investor an opportunity to finish updating the remaining units and raise rents to market level. Current rents can be increased to $495 for 1BR units, $595 for 2BR units, and $700 for 3BR units (based off nearby rent comparable). Additionally, the subject property sits in a flood plain, reflective in the insurance expense.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 13 | - | 750 |
| 2+1 | 18 | - | 1,000 |
| 3+1 | 3 | - | - |
Property Taxes
| Parcel Number | FDL-15-17-15-12-327-00 | Improvements Assessment | $862,200 |
| Land Assessment | $210,000 | Total Assessment | $1,072,200 |
Property Taxes
