Overview
West Bend Terrace Apartments presents the opportunity to acquire a stabilized 64-unit multifamily community located in West Bend, Wisconsin. The Property features seven residential buildings across approximately 4.64 acres, a balanced mix of one- and two-bedroom floorplans, and a strong in-place operating profile supported by attainable rent levels and limited competing supply within Washington County.
With 50 of 64 units renovated, meaningful recent property improvements, and remaining upside through continued rent growth and operational optimization, West Bend Terrace offers investors a well-maintained suburban apartment asset with durable cash flow and a clear path for incremental value creation.
Investment Highlights
• Stabilized 64-unit garden-style apartment community with strong historical occupancy and consistent in-place cash flow
• 50 of 64 units renovated, providing an updated interior product while preserving additional upside through future unit turns
• In-place rents remain below market across multiple floorplans, creating opportunity for continued organic revenue growth
• Located in supply-constrained Washington County, with 3.8% submarket vacancy and no multifamily units currently under construction
• Assumable Fannie Mae debt at a 3.40% interest rate, maturing November 2030
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Investment Sales Team
