Flyer 10.13.15 - PropertyDrive

Investment Offering
Multi-Unit Apartment/Commercial Suite Property
109-131 East Washington Street, Stoughton, WI
Property Description
Great investment opportunity in downtown Stoughton, WI. This mixed-use property
features 10 apartment units and 3 commercial suites. Located one block off of Main
Street, the property was built in 2003 and features a brick facade that blends seamlessly
with the surrounding historic buildings. The residential occupancy has been nearly 100%
over the last 7 plus years.
For more information on this
property please contact:
Location Description
Stoughton is a city in South-central Wisconsin. It straddles the Yahara River about 20 miles
southeast of the state capital in Madison. Stoughton is known for its Norwegian heritage and
hosts a citywide celebration of Syttende Mai, the Norwegian constitution day.
Sale Price:
$925,000
Ryon Savasta
Direct: (608) 327- 4007
Cell: (608) 443-9057
rsavasta@lee-associates.com
Chris Etmanczyk
Direct: (608) 327- 4004
Cell: (608) 212-3033
chris.etman@lee-associates.com
The information contained herein is based on estimates and assumptions and is presented for illustration purposes only. No representations, warranties or guarantees of any kind are made.
lee-associates.com
Investment Offering
Multi-Unit Apartment/Commercial Suite Property
109-131 East Washington Street, Stoughton, WI
Construction Overview
Property Overview
Framing
Class D type wood or metal structural frame.
Sale Price:
$925,000
Foundation
Partial basement with footprint of
24’x82’ = 1,968 sq. ft; 100%.
CAP Rate:
6.2% (Proforma available)
NOI:
$57,335
Roof:
Mostly flat with rubber membrane. Electric
warming coils for snow/ice.
Exterior:
Brick veneer and hardy board on the front
portions; wood siding with painted surface
on the back side.
Building Amenities:
10 Fully leased apartments
3 Leased commercial properties
22 Off-street parking stalls
Building Size:
12,299 sq. ft.
Year Built:
2003
Windows:
Fixed storefront type with insulated glass on
the first floor.
Land Area:
.41 acres
Appliances:
Appliance package consists of refrigerator/
freezer, oven/range with fan/hood, garbage
disposal, built-in microwave and dishwasher.
2 bed units also have stackable washer/dryer.
Coin-operated laundry is located on the 2nd
floor for the 1 bed units and efficiency.
HVAC:
Individual natural gas fired forced air
furnaces and central air for each unit;
rooftop units for commercial spaces.
Electrical:
Total power supply of 1,600 amps with 125
amp service to each unit.
For more information on this
property please contact:
Gross Size Per Condo Plat
Unit #
Type
Size (SF)
Unit #
Type
Size (SF)
213
Commercial
1,500
123
1 Bed/1 Bath
735
209
Commercial
1,546
125
1 Bed/1 Bath
735
109
Commercial
930
127
1 Bed/1 Bath
735
113
2 Bed/1 Bath
1,064
129
Efficiency
452
115
2 Bed/1 Bath
1,064
131
1 Bed/1 Bath
735
117
1 Bed/1 Bath
840
N/A
Storage Locker
96
119
2 Bed/1 Bath
1,132
Total
121
1 Bed/1 Bath
735
Ryon Savasta
Direct: (608) 327- 4007
Cell: (608) 443-9057
rsavasta@lee-associates.com
Chris Etmanczyk
Direct: (608) 327- 4004
Cell: (608) 212-3033
chris.etman@lee-associates.com
The information contained herein is based on estimates and assumptions and is presented for illustration purposes only. No representations, warranties or guarantees of any kind are made.
12,299
lee-associates.com
Investment Offering
Multi-Unit Apartment/Commercial Suite Property
109-131 East Washington Street, Stoughton, WI
Proforma
For more information on this
property please contact:
Ryon Savasta
Direct: (608) 327- 4007
Cell: (608) 443-9057
rsavasta@lee-associates.com
Chris Etmanczyk
Direct: (608) 327- 4004
Cell: (608) 212-3033
chris.etman@lee-associates.com
The information contained herein is based on estimates and assumptions and is presented for illustration purposes only. No representations, warranties or guarantees of any kind are made.
lee-associates.com
Investment Offering
Multi-Unit Apartment/Commercial Suite Property
109-131 East Washington Street, Stoughton, WI
Building Floor Plans
119
117
109
115
121
113
123
205
125
209
127
131
= Not Included in Sale
129
For more information on this
property please contact:
Ryon Savasta
Direct: (608) 327- 4007
Cell: (608) 443-9057
rsavasta@lee-associates.com
Chris Etmanczyk
Direct: (608) 327- 4004
Cell: (608) 212-3033
chris.etman@lee-associates.com
The information contained herein is based on estimates and assumptions and is presented for illustration purposes only. No representations, warranties or guarantees of any kind are made.
lee-associates.com
Investment Offering
Multi-Unit Apartment/Commercial Suite Property
109-131 East Washington Street, Stoughton, WI
North St.
Yahara River
Site
Post Office
S. 4th St.
W. Main St.
S. Forrest St.
Water St.
To Madison
Stoughton
Cinema Cafe
S. Division St. 1,000 AADT
E. Washington St.
Library
Police Department
E. Jefferson St.
For more information on this
property please contact:
Ryon Savasta
Direct: (608) 327- 4007
Cell: (608) 443-9057
rsavasta@lee-associates.com
Chris Etmanczyk
Direct: (608) 327- 4004
Cell: (608) 212-3033
chris.etman@lee-associates.com
The information contained herein is based on estimates and assumptions and is presented for illustration purposes only. No representations, warranties or guarantees of any kind are made.
lee-associates.com
Investment Offering
Multi-Unit Apartment/Commercial Suite Property
109-131 East Washington Street, Stoughton, WI
Site
For more information on this
property please contact:
Ryon Savasta
Direct: (608) 327- 4007
Cell: (608) 443-9057
rsavasta@lee-associates.com
Chris Etmanczyk
Direct: (608) 327- 4004
Cell: (608) 212-3033
chris.etman@lee-associates.com
The information contained herein is based on estimates and assumptions and is presented for illustration purposes only. No representations, warranties or guarantees of any kind are made.
lee-associates.com
Investment Offering
Multi-Unit Apartment/Commercial Suite Property
109-131 East Washington Street, Stoughton, WI
Stoughton, WI
Radius
1 Mile
3 Mile
5 Mile
2020 Projection
8,083
16,773
20,133
2015 Population
7,813
16,127
19,348
2010 Census
7,713
15,831
18,990
2020 Projection
3,435
6,915
8,328
2015 Households
3,303
6,620
7,970
2010 Census
3,217
6,414
7,722
2015 Owner Occupied
61.0%
64.6%
67.1%
2015 Renter Occupied
32.8%
29.4%
26.1%
$67,015
$74,244
$77,610
<$15,000
5.6%
5.0%
4.5%
$15,000 - $24,999
7.5%
6.9%
6.2%
$25,000 - $34,999
9.6%
8.0%
7.7%
$35,000 - $49,999
13.4%
12.2%
12.4%
$50,000 - $74,999
17.8%
17.3%
17.1%
$75,000 - $99,999
21.7%
20.2%
19.7%
$100,000 - $149,999
18.2%
21.3%
21.7%
$150,000 - $199,999
4.1%
5.9%
6.7%
$200,000+
2.0%
3.3%
4.1%
Households:
2015 Average Household Income
2015 Income by Household:
For more information on this
property please contact:
Ryon Savasta
Direct: (608) 327- 4007
Cell: (608) 443-9057
rsavasta@lee-associates.com
Chris Etmanczyk
Direct: (608) 327- 4004
Cell: (608) 212-3033
chris.etman@lee-associates.com
The information contained herein is based on estimates and assumptions and is presented for illustration purposes only. No representations, warranties or guarantees of any kind are made.
lee-associates.com
Ryon Savasta
Direct: (608) 327- 4007
Cell: (608) 443-9057
rsavasta@lee-associates.com