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29326480
29326481

214 N Burritt Ave, Wisconsin Dells, WI 53965

Marcus & Millichap - Milwaukee
Listed by Marcus & Millichap - Milwaukee
$1,100,000
149 days on market
Updated 2 days ago

Pine Creek II Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,056
Net Rentable (SqFt) 5,056
Units 4
Cap Rate 6.45%
NOI $70,995
Pro-Forma Cap Rate 6.65%
Pro-Forma NOI $73,163
Price per SqFt $218
Year Built 2023
Buildings 1
Stories 2
Acreage 0.610

Multifamily | 4 Units

Marketing description

Marcus and Millichap is pleased to present Pine Creek II, a newly constructed four -unit multifamily community located in Wisconsin Dells, Wisconsin. The property offers condo -quality finishes within a private, wooded setting on the west end of Lake Delton, providing residents with a quiet, residential atmosphere while maintaining close proximity to the area’s major attractions, employment centers, and retail amenities. Pine Creek II benefits from direct access to I -90/94, offering efficient regional connectivity and enhancing long term renter demand.

Pine Creek II is comprised of four spacious, three - bedroom apartment homes, each featuring one full bathroom and one half bath. Units range from 1,256 to 1,272 square feet and currently achieve market rents of approximately $2,000 to $2,700 per month. Each residence includes a private entrance, natural gas heating, central air conditioning, in -unit washer and dryer, a stainless -steel appliance package, a full bath with tub and shower, a half bath, and a private two -car attached garage. Interior finishes include vinyl flooring throughout the main living areas, carpeting in the bedrooms, granite countertops in both kitchens and bathrooms, walk -in closets, and private patios, delivering a high -quality living experience consistent with newer construction.

Tenants are responsible for electricity, gas, internet, telephone, and cable, while ownership covers water and sewer, trash collection, lawn care, and snow removal, providing a low -maintenance operating profile. The property allows pets under a one dog and one cat per unit policy, subject to breed restrictions. A $250 pet deposit and $35 per month pet rent applies, and tenants with pets are required to carry renter’s insurance.

Investment highlights

  • 6.45% CAP Rate

  • New Construction

  • Private Entries and Private Attached Two-Car Garages

Listing Contacts

Marcus & Millichap - Milwaukee
Listed by Marcus & Millichap - Milwaukee

Valuation Calculator

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$70,995.00
$5,916.25/mo

Valuation Metrics

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DSCR
6.45%
Cap Rate
6.45%
ROI

Map

Zoning

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R-2 ResidentialMulti FamilySingle And Multifamily Residential
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Last updated Jan 16, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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