Multifamily Property with Shared Living
E11062 Center Road North Freedom, WI 53951
E11062 Center Road, North Freedom, WI, 53951
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For Sale
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Multifamily property featuring shared kitchen, living, pantry, and dining areas across spacious units.
Property Size6,400 SF
Lot Size1.40 Acres
Price / SF$109.22
Days on Market57
Property Features for E11062 Center Road
General Information
- Standard status
- Active
- Size
- 6,400 SF
- Lot size
- 1.40 Acres
- Property subtype
- Senior Living, Mixed Use, Multifamily
Building Details
- Year Built
- 1996
Listing agency
Judd Realty, LLC
(608) 963-2681
Listed by
Karen Judd · License #54607-90
Source
Crexi
Added: May 27 Updated: Jul 20 at 9:57PM Checked: Jul 20 at 9:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Judd Realty, LLC
Investment Insights
Based on property information with market context.
This multifamily property is set up with common areas including a kitchen, living room, pantry, dining space, and more. The residences are described as having 6–7 bedrooms, one full bath, and 6–7 half baths, offering layouts suited to larger household needs.
The property sits on a 61,092 sq ft lot with abundant parking and outdoor flexibility for day-to-day use. An open house is scheduled for June 6th from 10:00am to 1:00pm.
Addressed at E11062 Center Road in North Freedom, WI, this offering is being presented as a versatile option for prospective buyers looking at a multifamily configuration with substantial shared spaces and outdoor ground area.
The property sits on a 61,092 sq ft lot with abundant parking and outdoor flexibility for day-to-day use. An open house is scheduled for June 6th from 10:00am to 1:00pm.
Addressed at E11062 Center Road in North Freedom, WI, this offering is being presented as a versatile option for prospective buyers looking at a multifamily configuration with substantial shared spaces and outdoor ground area.
Key Highlights
- Multi‑family property built in 1996
- 61,092 sq ft lot with abundant parking and outdoor flexibility
- Common areas include a kitchen, living room, pantry, and dining areas
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $101.4k | $15.84 |
| − Vacancy | −$5.1k | −$0.79 |
| EGI | $96.3k | $15.05 |
| − OpEx | −$43.3k | −$6.77 |
| NOI | $53.0k | $8.28 |
6,400 SF · lease $15.84/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$756.7K
$662.1K – $882.8K
NOI $52,969 @ 7.0% cap · market cap 7.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.13M – $1.51M
NOI $90,685 @ 7.0% cap · market cap 12.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Senior Housing / Retirement ...
FAQs
What type of property is this?
Senior housing / Retirement Home - Multifamily property featuring shared kitchen, living, pantry, and dining areas across spacious units.
Where is this senior housing / retirement home located?
The property is located at E11062 Center Road North Freedom, WI.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Multi‑family property built in 1996; 61,092 sq ft lot with abundant parking and outdoor flexibility; Common areas include a kitchen, living room, pantry, and dining areas
