$2,650,000

Active

Listed by Encore Real Estate Brokerage

Description

This large Section 8 multi-family property includes tremendous income potential! Current HAP contract results in an outstanding cap rate of 8.25%. Please contact brokers for details regarding the HAP & LURA contracts.Marinette Woods Apartments is located in an area which includes an estimated population of 18,024 within a 5-mile radius and 25,968 within a 10-mile radius. The property is situated less than a half mile from a major commercial corridor which provides significant employment opportunities for residents. The property consists of 2 buildings which are located on a 2.97-acre site. They contain a mix of 2 BR/1 BA (50%) and 3 BR/2 BA units (50%). The floorplans are large and attractively designed.

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Property Details

Features Multi-Family

Number of Units: 48 Garage/Parking: Outdoor Space
Subdivision: Property Type: Apartment Building
Body of Water: Waterfront/Access:
Est Year Built: 1981 Exterior: Partial-Aluminum, Partial-Brick, Partial-Vinyl
Heating/Cooling: Electric Lot Size: Irregular
Est Acreage: 2.97 School District: Marinette
High School: Marinette Middle School: Marinette
Elementary School: Taxes: $21,375
Tax Year: 2019 Zoning: RM-2

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Listing History

Date Event Change
May 5 2020 3:40PM Price Change $2,650,000

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