1324 South Main Street, Lake Mills, WI 53551

Opportunity to acquire a newly constructed 23-unit townhome-style multifamily community located in Lake Mills, Wisconsin, one of the most desirable rental markets between Madison and Milwaukee.

Completed in 2023, the property consists of six residential buildings situated on approximately 2.56 acres and features twenty-three spacious three-bedroom, two-and-one-half-bath units. Each residence includes an attached two-car garage, providing a highly desirable living experience that bridges the gap between traditional apartments and single-family housing.

The property is currently 91.3% occupied with 21 leased units and 2 available units.

The community generates annual gross rental income of approximately $571,848 and net operating income of approximately $406,271. At the asking price of $7,500,000 this portfolio produces a Cap Rate of 5.42% and a GRM of 13.1.

At the offering price of $7,500,000, the acquisition equates to approximately $326,087 per unit. Given the property's 2023 construction, attached two-car garages, and spacious three-bedroom, two-and-one-half-bath floor plans, the per-unit pricing compares favorably to the cost of developing a similar product in today's construction environment. Investors have the opportunity to acquire a stabilized, income-producing asset while avoiding the risks, delays, and rising costs associated with new development.