Tripp & Associates Acquires Riverwood Apartments MultiFamily For $3.95M In Mauston Wisconsin
514 Mcevoy Street
$3,950,000
Units
32
Asset Type
MultiFamily
Closing
Aug 13, 2026
AI
The property asset involved in the transaction is a multifamily community located at 514 McEvoy Street, Mauston, WI. The sale, facilitated by CBRE, was finalized at a price of $3,950,000. This fully occupied multifamily community spans 3.24 acres and consists of 32 units, translating to a per unit price of $123,438.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,950,000
- Units: 32
- Price Per Unit: $123,438
- Buyer: Tripp & Associates
- Seller: Riverwood Apartments, LLC
- Brokers: Sean Beuche, Max Colby, Matson Holbrook & Gretchen Richards - CBRE
- Date of Sale: 08/13/2026
- Market: Mauston, WI
- Acres: 3.24
The transaction involved key individuals and companies, with Tripp & Associates acting as the buyer and Riverwood Apartments, LLC as the seller. CBRE played a pivotal role in arranging the sale, connecting both parties to facilitate this real estate transaction.
Players
Mauston 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
4.02%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93