Marcus & Millichap Sells Grand Avenue Apartments In Thiensville Wisconsin For $5.75M
114 Grand Avenue & 120 Grand Avenue
$5,750,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 30, 2024
AI
The Grand Avenue Apartments, a multifamily asset located at 114-120 Grand Avenue in Thiensville, WI, was sold for $5,750,000. This 47-unit property has a per unit price of $122,340 and garnered significant interest due to its advantageous location, good condition, and potential for rental upside.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,750,000
- Units: 47
- Price Per Unit: $122,340
- Sale Date: 07/30/2024
- Market: Thiensville, WI
The transaction was facilitated by brokers Blake Hanlon, Mark Peltin, and Todd Lindblom from Marcus & Millichap, who played a key role in the sale process of the Grand Avenue Apartments.
Players
Thiensville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.76%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93