Jay Spiegel
BEDS0
BATHS
MLS#1977639
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLNew London
Listing Courtesy of:
Marcus & Millichap-Milwaukee
Property Description
Rare opportunity to acquire Beacon Avenue Apartments, a well-maintained 10-unit multifamily property in New London, Wisconsin, offering an attractive 6.27 going-in cap rate with meaningful income upside. Built in 2000, the property features durable brick construction, a desirable all-two-bedroom unit mix, and garage parking for every unit, including two spacious townhome-style residences with attached garages. The property has been professionally managed and maintained, providing investors with a clean, stable asset and limited near-term operational heavy lifting.
Property Features
Property Type: Multi Unit - Multiple
Lot Size: 0.87 Acres
Taxes: $8,908
Year Built: 2000
Appliances
Seller Owned: Dryer
Seller Owned: Washer
Seller Owned: Water Heater
Feature Descriptions
Basement: None / Slab
Building: Apartment Building
Data Source: WIREX_METRO
Exterior: Brick/Stone, Brick
Heating/Cooling: Hot Water/Steam
Parking: Outdoor Space, Inside Parking, Outside
Units: 10
Water/Waste: Municipal Sewer, Municipal Water
Local Schools
Middle School: New London
School District: New London
Listed By / Shown By
Listed By
Agency Name: Marcus & Millichap-Milwaukee
Shown By
Agent Name: Jay Spiegel
Agent Phone: (608) 219-0376
Agency Title: Stark Company Realtors
Estimate Your Payment
Estimated Payment
$ 9,973.36 per month $8,749.78 Principal & Interest $742.33 Property Tax $481.25 Homeowner's InsuranceChange Payment Information
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840 E Beacon Avenue | MLS# 1977639
This multi-family property located at 840 E Beacon Avenue, New London, WI 54961 is currently listed for sale with an asking price of $1,650,000. E Beacon Avenue is located within the New London school district. Search New London real estate on jspiegel.starkhomes.com today.