23920 Nyberg Rd - Apartments FOR SALE


Siren, WI 54872
$4,500,000 USD
23920 Nyberg Rd, Siren, WI for Sale
$4,500,000 USD
Apartments - FOR SALE
1/29
null | 6.65% Cap Rate

23920 Nyberg Rd
Siren, WI 54872


HIGHLIGHTS

  • New built property 2023
  • Country setting
  • Open green space
  • Development potential exists for two additional 8 unit buildings (approved), or potentially more.

OVERVIEW

Lake Country Apartments in Siren Village, Wisconsin, a brand new multifamily residential complex in an in-demand rental market ("Property"). The Property is comprised of 24 apartments within 3 buildings that are located in close proximity to one another, along with 3 garage buildings with 8 stalls each. The buildings will be sold 100% occupied, and there is very strong rental demand in this market moving forward. Brand new (built in 2023) three-building multifamily residential complex of 24 apartments on ±5 acres of land with expansive green areas. All three buildings are fully built and 100% occupied. Extremely high demand rental market (and State); 150+ rental applications for the first 8-unit building All units have 2 bedrooms and 1 bathroom, and each unit is approximately 782 square feet Development potential exists for two additional 8 unit buildings (approved), or potentially more.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$240 USD /SF

# OF UNITS

24

PRICE/UNIT

$187,500

CAP RATE

6.65%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lake Country Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2023

PARKING SPACES

24

LAND DETAILS

LAND ACRES

5 AC

LAND SF

217,800 SF

ZONING

-

APN/PARCEL ID

07-181-2-38-16-18-1 02-000-011600

ASK ABOUT THIS PROPERTY

Ray RobbinsLake Country ApartmentsMore Info

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Ray RobbinsLake Country ApartmentsMore Info

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