Multi-Family Housing Opportunity | 420-436 College Ave
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Multi-Family Housing Opportunity 420-436 College Ave
54 Unit Dormitory £4,906,778 (£90,866/Unit) De Pere, WI 54115
Investment Highlights
- Located adjacent to St. Norbert College
- Excellent walkability to beautiful downtown DePere
- Unique floor plans with modern finishes
- Secure underground heated parking, as well as ample surface parking.
Executive Summary
NAI Pfefferle, as exclusive advisor to the Seller, is pleased to offer the opportunity to purchase 54 unit, college affiliated, student apartment buildings that are adjacent to St.
Norbert College. This property provides investors with the opportunity to acquire an asset with upside.
Investment Summary
• Located adjacent to St. Norbert College
• Unique floor plans with modern finishes
• Excellent walkability to beautiful downtown De Pere
• Secure underground heated parking, as well as ample surface parking.
• Approximately 20 years old
• New boiler in 2022
Total SF: 58,320 SF
Site Area : 1.67 acres Total
Parcel #: WD-657
Stories: 3
Units: 54 (30) One bedroom / (24) Two bedroom
Year Built: 2004
Unit Breakdown:
(30) 1-bedroom, one bath (580 SF)
(24) 2-bedroom, two bath (1,136 SF)
Amenities:
Air-conditioned; balconies; underground heated parking; laundry facilities; dishwashers; gas fire places; wheelchair accessible (ADA compliant)
Elevator: Each floor is accessed via one four-stop elevator with two stairwells
Foundation: Poured concrete
Frame: Wood
Exterior Walls: Masonry
Floors: Wood, carpet, tile
HVAC: Gas heat; A/C units
Sprinkler: Wet system
Plumbing: Gas water heaters
Electrical: One meter for each unit; LED lighting in each unit.
Norbert College. This property provides investors with the opportunity to acquire an asset with upside.
Investment Summary
• Located adjacent to St. Norbert College
• Unique floor plans with modern finishes
• Excellent walkability to beautiful downtown De Pere
• Secure underground heated parking, as well as ample surface parking.
• Approximately 20 years old
• New boiler in 2022
Total SF: 58,320 SF
Site Area : 1.67 acres Total
Parcel #: WD-657
Stories: 3
Units: 54 (30) One bedroom / (24) Two bedroom
Year Built: 2004
Unit Breakdown:
(30) 1-bedroom, one bath (580 SF)
(24) 2-bedroom, two bath (1,136 SF)
Amenities:
Air-conditioned; balconies; underground heated parking; laundry facilities; dishwashers; gas fire places; wheelchair accessible (ADA compliant)
Elevator: Each floor is accessed via one four-stop elevator with two stairwells
Foundation: Poured concrete
Frame: Wood
Exterior Walls: Masonry
Floors: Wood, carpet, tile
HVAC: Gas heat; A/C units
Sprinkler: Wet system
Plumbing: Gas water heaters
Electrical: One meter for each unit; LED lighting in each unit.
Property Facts
| Price | £4,906,778 | Building Class | B |
| Price Per Unit | £90,866 | Lot Size | 1.60 AC |
| Sale Type | Investment | Building Size | 58,320 SF |
| No. Units | 54 | Number of Floors | 3 |
| Property Type | Residential | Year Built | 2004 |
| Property Subtype | Dormitory | Parking Ratio | 1.44/1,000 SF |
| Apartment Style | Low Rise |
| Price | £4,906,778 |
| Price Per Unit | £90,866 |
| Sale Type | Investment |
| No. Units | 54 |
| Property Type | Residential |
| Property Subtype | Dormitory |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 1.60 AC |
| Building Size | 58,320 SF |
| Number of Floors | 3 |
| Year Built | 2004 |
| Parking Ratio | 1.44/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Crown Moulding
- Carpet
- Wheelchair Accessible (Rooms)
Site Amenities
- Laundry Facilities
- Property Manager on Site
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 30 | - | - |
| 2+1 | 24 | - | - |
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Walk Score ®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | WD-657 | Improvements Assessment | £2,876,808 |
| Land Assessment | £337,570 | Total Assessment | £3,214,378 |
PROPERTY TAXES
Parcel Number
WD-657
Land Assessment
£337,570
Improvements Assessment
£2,876,808
Total Assessment
£3,214,378
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Multi-Family Housing Opportunity | 420-436 College Ave
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