$2,650,000

3419 Cleveland Ave

Marinette WI, 54143

Description

This large Section 8 multi-family property includes tremendous income potential! Current HAP contract results in an outstanding cap rate of 8.25%. Please contact brokers for details regarding the HAP & LURA contracts.Marinette Woods Apartments is located in an area which includes an estimated population of 18,024 within a 5-mile radius and 25,968 within a 10-mile radius. The property is situated less than a half mile from a major commercial corridor which provides significant employment opportunities for residents. The property consists of 2 buildings which are located on a 2.97-acre site. They contain a mix of 2 BR/1 BA (50%) and 3 BR/2 BA units (50%). The floorplans are large and attractively designed.

Details

MLS#1687528
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1981
Days On Site169

Features

Units48
Building(s)1
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Area Information
StateWI
CountyMarinette
CityMarinette
Zip Code54143
AreaMarinette
Listing VS Median (in 54143)
Price:
$2,650,000
low | high
Med:
$73,250
100% of Average
On Site:
169
low | high
Med:
187.500000
90.133333333333% of Average
Listing Updated: 10/20/2020
Paul A Rucinski LogoMLS Number: 1687528
Listing Provided By:
Paul A Rucinski  of  Encore Real Estate Brokerage
Listing data provided by Metro MLS. Copyright 2020, Multiple Listing Service, Inc. Information is supplied by seller and other third parties and has not been verified. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing