Creekside Apartments — Sale in Kewaskum, WI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Kewaskum, WI 53040

Photos

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Investment Figures

Cap rate
6.68%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present Creekside Apartments located at 503 County Highway H in the village of Kewaskum, Washington County, Wisconsin. The property comprises a 0.87-acre parcel improved with an 11-unit apartment building. It was constructed in 1973 and contains approximately 9,150 square feet of rentable area. The building has a brick exterior with vinyl accenting and dimensional shingle roof covering (replaced in 2022 per seller) with aluminum gutters and downspouts. There are vinyl-clad, double hung and slide-by, insulated combination windows. There is a common area laundry room which houses two coin-operated washers and two coin-operated dryers. It also houses one 40 gallon electric water heater and the electric main. The lower level features ten chicken wire storage lockers. The unit mix comprises one one-bedroom/one-bath unit and 10 two-bedroom, one-bath units. Each kitchen has laminate cabinets and countertops, stainless steel sink, full-size refrigerator, and electric stove. Each unit has its own 40 gallon, electric water heater. There is an air conditioner unit in each living room. The units are all heated with electric baseboard registers. The asphalt paved parking lot provides 22 spaces (2 spaces per unit). Investment Highlights: • Attractive Suburban Location in Washington County • Low Maintenance Exterior (Brick with Vinyl Accenting) • Roof Covering Replaced in 2022 • Vinyl-Clad, Insulated, Double Hung and Slide-By Combination Windows • 2 Parking Spaces Per Unit

Market Context

This multifamily in Kewaskum, WI is listed for sale. It is offered at an approximate 6.7% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Kewaskum, WI — view the full market.

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