Marcus & Millichap is pleased to present this exclusive investment opportunity for an investor to acquire four multi-family buildings comprised of a sixteen condominium building portfolio located in New Richmond, Wisconsin (AKA the "City Beautiful"). This multi-family investment is comprised of 16 separate parcels among four neighboring buildings. Former owner created an association but there's currently no existing HOA dues for owners or residents; however, there is a Value-Add opportunity to create HOA dues paid to new owner and assign dues to each resident in exchange for lawn/snow removal services. All residents have an attached garage, green space, onsite postal boxes, and have the convenience of being close to downtown. Unit Mix of Twelve 2 Bedroom/1.5 Bathroom Condominiums and Four 2 Bedroom/1 Bathroom Condominiums. Newer Siding, Newer Roofs, Renovated Condominiums, Recently Seal-Coated Driveways. In addition to reassigning lawn/snow responsibility to the residents, another Value-Add opportunity is to continue pushing rents to HUD's Fair Market Rent for 2025 in Saint Croix County which is $1,685, which is up from $1,622 in 2024. New Richmond is one of the fastest growing communities in St. Croix County, which is one of the fastest growing counties throughout the entire state of Wisconsin. New developments can be found on all four sides of town. What was once considered a farm town is now considered a growing extension of the Minneapolis-Saint Paul MSA. The thriving community is home to many residents that take advantage of the affordable cost of living, the ease of travel to the Twin Cities metro for higher wages, more opportunities for employment and events, as well as various recreational amenities that're local such as parks, rivers, and lakes. Copy and Paste Hyperlink into Search Engine for Virtual Walk Through Video #1: https://youtu.be/JvB6CUCF-jY Copy and Paste Hyperlink into Search Engine for Virtual Walk Through Video #2: https://youtu.be/Xn4I1ZW693s DISTANCE FROM NEW RICHMOND, WISCONSIN (IN MILES) Minneapolis, MN - 43 Miles Saint Paul, MN - 37 Miles Woodbury, MN - 34 Miles River Falls, WI - 14 Miles Stillwater, MN - 19 Miles Hudson, WI - 20 Miles Balsam Lake, WI -28 Miles Prescott, WI -34 Miles Menomonie, WI - 45 Miles Eau Claire, WI - 68 Miles Superior, WI - 124 Miles