Loras Estates | 608 Pine Court
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Loras Estates 608 Pine Court
14 Unit Apartment Building $3,450,000 ($246,429/Unit) 7.07% Cap Rate Dickeyville, WI 53808
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present the Loras Estates Apartments located at 608 Pine Court in the City of Dickeyville, Grant County,
Wisconsin. The property comprises a 1.67 acre parcel improved with a brand new (2023) 14-Unit Apartment Building. Loras Estates offers
tenants luxury housing on an all-inclusive predictable budget, catering to those looking to relinquish the burdens of home ownership.
Nestled in the rolling hills in the heart of America's Dairy Land, Dickeyville is approximately 10 Miles from Dubuque, IA and 11 Miles from
Platteville, WI where many of the villagers commute to work. Dubuque based Manufacturing Company, A.Y. McDonald, have broken ground on a
360,000-square-foot Brass Foundry in Dickeyville to be completed in 2026, creating an additional 173 high-paying jobs over the next five years.
The property consists of 2-Bedroom/1-Bath Units at 926 Square-Feet, with attached heated garage at 290 Square-Feet. Each Unit includes a
Dishwasher, Washer & Dryer, In-Floor Heating, and Patio Space
Utility Infrastructure includes a Two-Cycle Boiler System, Two Water Heaters, State-of-the-Art Fire Panel, and Sprinkler System throughout
the entire property. Loras Estates is fully ADA Compliant
Current Management can remain in place at 5 to 6 percent of Gross Income, providing a Turn-Key asset for the next ownership group
Wisconsin. The property comprises a 1.67 acre parcel improved with a brand new (2023) 14-Unit Apartment Building. Loras Estates offers
tenants luxury housing on an all-inclusive predictable budget, catering to those looking to relinquish the burdens of home ownership.
Nestled in the rolling hills in the heart of America's Dairy Land, Dickeyville is approximately 10 Miles from Dubuque, IA and 11 Miles from
Platteville, WI where many of the villagers commute to work. Dubuque based Manufacturing Company, A.Y. McDonald, have broken ground on a
360,000-square-foot Brass Foundry in Dickeyville to be completed in 2026, creating an additional 173 high-paying jobs over the next five years.
The property consists of 2-Bedroom/1-Bath Units at 926 Square-Feet, with attached heated garage at 290 Square-Feet. Each Unit includes a
Dishwasher, Washer & Dryer, In-Floor Heating, and Patio Space
Utility Infrastructure includes a Two-Cycle Boiler System, Two Water Heaters, State-of-the-Art Fire Panel, and Sprinkler System throughout
the entire property. Loras Estates is fully ADA Compliant
Current Management can remain in place at 5 to 6 percent of Gross Income, providing a Turn-Key asset for the next ownership group
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $3,450,000 | Building Class | C |
| Price Per Unit | $246,429 | Lot Size | 10.01 AC |
| Sale Type | Investment | Building Size | 42,967 SF |
| Cap Rate | 7.07% | Average Occupancy | 100% |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | Parking Ratio | 0.33/1,000 SF |
| Apartment Style | Garden |
| Price | $3,450,000 |
| Price Per Unit | $246,429 |
| Sale Type | Investment |
| Cap Rate | 7.07% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 10.01 AC |
| Building Size | 42,967 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2023 |
| Parking Ratio | 0.33/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Washer/Dryer
- High Speed Internet Access
- Stainless Steel Appliances
- Patio
SITE AMENITIES
- Gameroom
- Wheelchair Accessible
- Community-Wide WiFi
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 14 | - | 1,210 |
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PROPERTY TAXES
| Parcel Number | 116-00110-0220 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $26,500 |
PROPERTY TAXES
Parcel Number
116-00110-0220
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$26,500
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Loras Estates | 608 Pine Court
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