For Sale
$4,840,000

215 Webster AveGreen Bay, WI 54301

23-unit, Class A, 100% occupied

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 23-unit Class A apartment building in downtown Green Bay, Wisconsin, presents a compelling investment opportunity. Completely renovated in 2020, the property boasts 12 one-bedroom/one-bathroom units, nine two-bedroom/one-and-a-half-bathroom units, and two two-bedroom/two-bathroom units. High-end finishes include stainless steel appliances, quartz countertops, in-unit washer/dryers, floor-to-ceiling windows, and refurbished wood floors. Residents enjoy a fitness center, ample outdoor space, and 54 parking spaces. The building sits on a 1.48-acre lot at 215 N Webster Ave, within walking distance of downtown amenities, including the Fox River, restaurants, bars, grocery stores, a library, YMCA, and a dog park. Major employers, Bellin Health and Schneider National, are nearby. Green Bay, Wisconsin's third-largest city, offers a vibrant lifestyle with a strong economy and population growth. The property features high-efficiency heating and cooling, new electrical and plumbing systems, and a HUD loan assumption possibility. This is a rare opportunity to acquire a stabilized, high-quality multifamily asset in a prime location with a 5.66% cap rate and 100% occupancy. The asking price is $4,840,000.

Highlights

  • Prime Downtown Green Bay location, Wisconsin's third-largest city.
  • Completely renovated in 2020.
  • Excellent unit mix: 12 one-bedroom and 13 two-bedroom apartments.
  • 100% occupancy with strong historical occupancy rates.
  • Luxury units featuring high-end appliances, quartz countertops, in-unit laundry, and floor-to-ceiling windows.
  • Attractive amenities package including fitness center, outdoor space, pet-friendly policy, 24/7 maintenance, and 54 parking spaces.

Property Details for 215 Webster Ave

Property type
Apartment buildings
Class
A
Buildings
1
Stories
2
Units
23

Location Insight

City
Green Bay
County
Brown
State
Wisconsin
Latitude
44.5119266
Longitude
-88.0042752
215 Webster Ave, Green Bay, Wisconsin

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215 Webster Ave
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