Gomberg Report >
Wisconsin

Updated 5/2/2012
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Town
Property Description
Asking Price
Gross Income
Gross Multiplier
PPU
Comments
Contact Broker
Barron
82 unit
385,000
5.84
67,250
Apartment Complex consisting of 3 Buildings & garages over 5 acres along the Yellow River. Studio-to-3 BR units, offering ample parking, 40 garages, & Mgr office. Currently has on site manager. $32,000/month average income with upside potential.
Bryan Raven 715-832-2222
Beloit
90 unit
700,000
7.71
60,000
Two story garden complex with 24 1BR, 50 2BR and 16 3BR units. property is made up of nine two story buildings plus large rental office building. There is ample off street parking. There is also outdoor pool, tennis courts and basketball court. Boilers in all buildings are new as well as hot water tanks,entrance doors intercom systems, hallway carpeting, 95% new carpeting in units,95% new refrigerators and roofs. Each bldg. has laundry facilities in basements. Units are air conditioned and either have patio/or balcony. Manserd roofs and on-site management.
Mark Lithall 847-313-4615
Cross Plains
40 unit
330,000
6
73,500
3 Buildings with 7 1BR and 33 2BR units. Each building is wood frame construction. The lower level, which is partially exposed is over 18,000 s.f. and is primarily used for climate controlled storage units and 15 parking stalls. New roofs December 2011.
Dan Roseliep 608-821-1404
Elkhorn
40 unit
NOI=1.5M
49,500

Construction- Wood Frame
Utilities- Tenant Pays Electric, Owner pays heat, water/sewer, hot water, rubbish
Parking- Off Street with 11 Garage Stalls - $55 per month
Amenities- Patios or Balconies, Coin Laundry in Halls,
Barbecue areas. Easy Access to Downtown, HWY 12 and Interstate 43.

Dan Roseliep 608-821-1404
Oconto
60 unit
NOI=188K
39,166
All two bedrooms, garages, laundry rooms, each building has 4 units on first floor and 8 units upper, City of Oconto sewer and water, 97% occupancy.
Tom Scheuerman 920-560-5068
Platteville
84 unit
NOI=413K
67,381
New Construction. One and two bedroom units with private entrances and detached garages. Units contain a full size washer and dryers, tenant paid water, owner paid heat.
Chris Slater 262-790-4560 x109
56 unit
NOI=348K
87,500
Just a mile Northeast of the University of Wisconsin, Platteville, Prairie View Apartments have a strong occupancy history, newer construction (2008) and condominium finishes in many units including granite countertops. Currently 98% occupied.
Mike Lamb 608-692-1910
Rhinelander (Located approximately 50 miles north of Wausau)
32 unit
214,680
8.01
53,750
Apartment complex consists of two 8-plexes, three 4-plexes, one duplex and two single family homes. All included are garage stalls. High occupancy.
Gerry Riopel 715-365-3000
Stevens Point
80 unit
NOI=342K
69,000
New Construction. One and two bedroom units with private entrances and garages (some detached some attached). Onsite office, in unit washer and dryers, tenant paid water, owner paid heat.
Chris Slater 262-790-4560 x109
Wausau
64 unit
NOI=193K
39,062
Eight 8 unit buildings. Newer Roofs and windows. New hallway carpet, trim, entry doors to the units, entry doors to the building, overlay of asphalt, landscaping. Most the units have cabinetry replaced (planned replacement of the balance).
Chris Slater 262-790-4560 x109
West Allis
44 unit
300K
8.33
56,818
 Llocated next to West Allis Aurora Medical Complex, this property is made up of 11 all brick four families and 16 garages. All 2 bedroom units avg. rent $595 per units with separate utilities. Updates include new water heaters and heating systems.
Paula Johnson 414-406-6460
Wisconsin Rapids
52 unit
NOI=156K
40,384

Great occupancy history of two buildings consisting of 52 total units. 4 2BR, 1.5 BA units, 14 2BR units, 34 1BR units along with 56 garages. Many capital updates to include roofs, windows, siding, boilers and more. Broker owned. Beautiful wooded setting on the near west side of WI. Rapids. Close to the Wisconsin river.
Kevin Penkert 262-968-3378