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Listed by Marcus & Millichap-Milwaukee
$ 1,650,000
Est. payment | /mo
4 Beds
2.5 Baths
0.87 Acres Lot
$ 1,650,000
Est. payment | /mo
4 Beds
2.5 Baths
0.87 Acres Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality NEW LONDON
MLS Listing ID 1977639
Bedrooms 4
Full Baths 2
Half Baths 1
Year Built 2000
Annual Tax Amount $8,908
Tax Year 2025
Lot Size 0.870 Acres
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.
Location
State WI
County Waupaca
Zoning R-2
Rooms
Basement None / Slab
Interior
Cooling Hot Water/Steam
Equipment Seller Owned: Dryer, Seller Owned: Washer, Seller Owned: Water Heater
Appliance Seller Owned: Dryer, Seller Owned: Washer, Seller Owned: Water Heater
Exterior
Parking Features Indoor Space
Building
Dwelling Type Apartment Building
Story 1 - 2
Sewer Municipal Sewer, Municipal Water
Structure Type Brick/Stone,Brick
New Construction N
Schools
Middle Schools New London
School District New London
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