32 Unit Apartment Complex- Sussex, WI

$2,950,000

Property Description

***PROPERTY SOLD*** Well constructed 32 unit multi-family building situated in the growing and prosperous Village of Sussex.  Each unit is approximately 1,280 square feet and includes an open concept layout.  Units include two bedrooms and two bathrooms with a master bedroom suite, eat-in kitchen, living room/family room and a utility room.  Over 80% of the units have been renovated with new carpet/vinyl flooring and have been repainted within the last 2 years.  New roofs were installed in 2006.  Rental income is strong and excellent comparable sales exist.  Two identical building have been converted into condominiums. Property was recently appraised by a MAI at $4,270,000.

Details

Property Price: $2,950,000