14-Unit Apartment Complex – Lisbon, WI- $695,000
***Property Sold*** Multi-family property with tremendous income! Includes an outstanding cap rate of 8.8%. Property consists of fourteen units within five buildings. All apartment units are 2 bedroom/1 bathroom and contain 667 square feet. Layout includes a kitchen, dining area, living room, 2 bedrooms and a bathroom. The buildings were constructed in 1940 and are situated on a 5.5-acre site.
Property is well located and just minutes from a major commercial node. Freeway system is less than four miles from property. The area includes an estimated population of 16,547 within a 3-mile radius and 63,304 within a 5-mile radius. The area has a median household income of $85,055 within a 3-mile radius and $79,401 within a 5-mile radius