The Residences at Belle Square | 323 State St
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The Residences at Belle Square 323 State St
93 Unit Block of Flats £13,703,833 (£147,353/Unit) 6.05% Net Initial Yield La Crosse, WI 54601
Investment Highlights
- 2017 Construction - Exceptionally Well-Designed Building
- Located in the Heart of Downtown La Crosse, Between Third and Fourth Street, as well as State and Vine Streets
- In Close Proximity to Performing Arts Venues, Museums, and Educational Institutions!
- Excellent Unit Mix Composed of Studio, One-Bedroom, Two-Bedroom, and Three-Bedroom Units!
- Strong Rental Market!
- In Walking Distance to Specialty Shops, Galleries, Restaurants, Bars, and Breweries!
Executive Summary
The Azzi Group of Marcus and Millichap is pleased to present the opportunity to acquire the Residences At Belle Square. 93 unique
apartment residences in La Crosse, Wisconsin.
Belle Square’s scale, architecture, and locally sourced building materials blend seamlessly with the historic character of the surrounding
structures. Highly energy- and water-efficient, the development utilizes passive solar design to maximize natural daylight and ventilation.
Additional features include: Secured buildings, security camera system in common areas, rooftop green space, club room, business center,
indoor bike room, and resident storage lockers.
apartment residences in La Crosse, Wisconsin.
Belle Square’s scale, architecture, and locally sourced building materials blend seamlessly with the historic character of the surrounding
structures. Highly energy- and water-efficient, the development utilizes passive solar design to maximize natural daylight and ventilation.
Additional features include: Secured buildings, security camera system in common areas, rooftop green space, club room, business center,
indoor bike room, and resident storage lockers.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £13,703,833 | Apartment Style | Mid Rise |
| Price Per Unit | £147,353 | Building Class | A |
| Sale Type | Investment | Lot Size | 0.74 AC |
| Net Initial Yield | 6.05% | Building Size | 129,098 SF |
| Gross Rent Multiplier | 9.47 | Average Occupancy | 100% |
| No. Units | 93 | Number of Floors | 6 |
| Property Type | Residential | Year Built | 2017 |
| Property Subtype | Apartment |
| Price | £13,703,833 |
| Price Per Unit | £147,353 |
| Sale Type | Investment |
| Net Initial Yield | 6.05% |
| Gross Rent Multiplier | 9.47 |
| No. Units | 93 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | A |
| Lot Size | 0.74 AC |
| Building Size | 129,098 SF |
| Average Occupancy | 100% |
| Number of Floors | 6 |
| Year Built | 2017 |
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Walk-In Closets
- Carpet
- Built-In Bookshelves
- Freezer
- Island Kitchen
- Pantry
- Smoke Free
- Window Coverings
Site Amenities
- 24 Hour Access
- Business Centre
- Controlled Access
- Clubhouse
- Courtyard
- Fitness Centre
- Picnic Area
- Property Manager on Site
- Corporate Suites
- Grill
- Roof Terrace
- Storage Space
- Bicycle Storage
- Online Services
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 9 | - | 596 - 673 |
| 1+1 | 47 | - | 737 - 953 |
| 2+2 | 31 | - | 1,218 - 1,317 |
| 3+2 | 6 | - | 1,421 |
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Walk Score ®
Very Walkable (87)
Bike Score ®
Biker's Paradise (95)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | £29,794,616 | |
| Land Assessment | £537,187 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £29,257,429 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£537,187
Improvements Assessment
£29,257,429
Total Assessment
£29,794,616
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
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The Residences at Belle Square | 323 State St
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