215 N Webster Ave - Apartments FOR SALE


Green Bay, WI 54301
$4,840,000 USD
630-418-1538
215 N Webster Ave, Green Bay, WI for Sale
$4,840,000 USD
Apartments - FOR SALE
1/21
null | 5.66% Cap Rate

215 N Webster Ave
Green Bay, WI 54301


HIGHLIGHTS

  • Located in Downtown Green Bay, the Third Largest City in Wisconsin
  • Stabilized Property, Currently 100 Percent Occupied with Great Historical Occupancy
  • Loan Assumption Avaible until 2060 at a 4.79% intrest rate
  • Luxury Units with High-End Appliances, Quartz Counters, In-Unit Washer and Dryers

OVERVIEW

Marcus & Millichap is pleased to offer the Whitney School Lofts Apartments located in downtown Green Bay, WI. Completely renovated in 2020, this property sits on 1.48 acers of land located at 215 N Webster Ave. This multifamily opportunity has gone through significant improvements that include high efficiency heating and cooling, new electrical, new plumbing, high end fitness center, and large outdoor and entertainment space. Whitney school lofts are considered to be some of the highest quality units in the green bay market that feature stainless steel appliances, quartz counters, in-unit washer and dryers’ floor-to-ceiling windows, refurbished wood floors, tall ceilings with unique open floor style units. This 23-unit luxury apartment building consists of twelve 1-bed 1-bath units, nine 2-bed 1.5-bath units, and two 2-bed 2-bath units.

FOR SALE DETAILS

PRICE

$4,840,000 USD

PRICE/SF

$127 USD /SF

# OF UNITS

23

PRICE/UNIT

$210,435

CAP RATE

5.66%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whitney School Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2020

PARKING SPACES

54

LAND DETAILS

LAND ACRES

1.48 AC

LAND SF

64,295 SF

ZONING

-

APN/PARCEL ID

9-112

ASK ABOUT THIS PROPERTY

Patrick SuffieldMarcus & MillichapMore Info
630-418-1538

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Patrick SuffieldMarcus & MillichapMore Info
630-418-1538

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.