608 Pine Court - Apartments FOR SALE


Dickeyville, WI 53808
$3,450,000 USD
262-364-1907
608 Pine Court, Dickeyville, WI for Sale
$3,450,000 USD
Apartments - FOR SALE
1/15
null | 7.07% Cap Rate

608 Pine Court
Dickeyville, WI 53808


OVERVIEW

Marcus & Millichap is pleased to present the Loras Estates Apartments located at 608 Pine Court in the City of Dickeyville, Grant County, Wisconsin. The property comprises a 1.67 acre parcel improved with a brand new (2023) 14-Unit Apartment Building. Loras Estates offers tenants luxury housing on an all-inclusive predictable budget, catering to those looking to relinquish the burdens of home ownership. Nestled in the rolling hills in the heart of America's Dairy Land, Dickeyville is approximately 10 Miles from Dubuque, IA and 11 Miles from Platteville, WI where many of the villagers commute to work. Dubuque based Manufacturing Company, A.Y. McDonald, have broken ground on a 360,000-square-foot Brass Foundry in Dickeyville to be completed in 2026, creating an additional 173 high-paying jobs over the next five years. The property consists of 2-Bedroom/1-Bath Units at 926 Square-Feet, with attached heated garage at 290 Square-Feet. Each Unit includes a Dishwasher, Washer & Dryer, In-Floor Heating, and Patio Space Utility Infrastructure includes a Two-Cycle Boiler System, Two Water Heaters, State-of-the-Art Fire Panel, and Sprinkler System throughout the entire property. Loras Estates is fully ADA Compliant Current Management can remain in place at 5 to 6 percent of Gross Income, providing a Turn-Key asset for the next ownership group

FOR SALE DETAILS

PRICE

$3,450,000 USD

PRICE/SF

$80 USD /SF

# OF UNITS

14

PRICE/UNIT

$246,429

CAP RATE

7.07%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Loras Estates

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2023

PARKING SPACES

14

LAND DETAILS

LAND ACRES

10.01 AC

LAND SF

436,036 SF

ZONING

-

APN/PARCEL ID

116-00110-0220

ASK ABOUT THIS PROPERTY

Daniel BowarMarcus & MillichapMore Info
262-364-1907

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Daniel BowarMarcus & MillichapMore Info
262-364-1907

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