Updated Aug 4, 2026
SOLDMultiFamily
Marcus & Millichap Negotiates $15 Million Sale Of Schofield Mill Apartments With 84 Units
220 Drott Street
$15,000,000
Units
84
Asset Type
MultiFamily
Closing
Jul 30, 2026
About this deal
AI
The property asset involved in this transaction is a multifamily building located at 220 Drott Street in Schofield, Wisconsin. This asset encompasses 1.54 acres and consists of 84 units, with a sale price recorded at $1,500,000, resulting in a price per unit of $17,857.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,500,000
- Market: Schofield, WI
- Units: 84
- Price per Unit: $17,857
- Broker: Daniel Bowar - Marcus & Millichap
Marcus & Millichap facilitated the negotiation of the transaction, ensuring the transfer of the Schofield Mill Apartments property, which aligns with their role in managing multifamily real estate deals in the area.
On the Map
$15,000,000
MultiFamily
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Schofield 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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93