Florida-based Seller Represents $12.3 Million Sale Of 76-Unit Multifamily Property In Manitowoc
4910 Benley Court
$12,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 1, 2026
AI
The transaction involved the sale of Evergreen Townhomes, a multifamily property consisting of 76 units, located at 4910 Benley Court in Manitowoc, WI. The sale price was $12,300,000, resulting in a price per unit of $161,842.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $12,300,000
- Units: 76
- Price Per Unit: $161,842
- Address: 4910 Benley Court
- Market: Manitowoc, WI
Daniel Bowar of Marcus & Millichap represented the seller, who was based in Florida, and the buyer, who was based in Wisconsin, facilitating this transaction.
Players
Manitowoc 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
1.29%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93