215 Webster Ave Green Bay, WI 54301
- Commercial real estate
Current Use by Public Records
- Bellin Occupational Health: Beaumia Rebecca MD / Doctor
- Ringwelski Mark DO / Family Practice Physician
- Mueller-Waigan Bonnie / Nursing Agency
- Whitney School / School
- Dr. John J. Machuta, DO / Doctor
Property Details for 215 Webster Ave
- Property type
- Commercial real estate
Description
This exceptional 23-unit Class A apartment building in downtown Green Bay, Wisconsin, presents a compelling investment opportunity. Completely renovated in 2020, the property boasts 12 one-bedroom/one-bathroom units, nine two-bedroom/one-and-a-half-bathroom units, and two two-bedroom/two-bathroom units. High-end finishes include stainless steel appliances, quartz countertops, in-unit washer/dryers, floor-to-ceiling windows, and refurbished wood floors. Residents enjoy a fitness center, ample outdoor space, and 54 parking spaces. The building sits on a 1.48-acre lot at 215 N Webster Ave, within walking distance of downtown amenities, including the Fox River, restaurants, bars, grocery stores, a library, YMCA, and a dog park. Major employers, Bellin Health and Schneider National, are nearby. Green Bay, Wisconsin's third-largest city, offers a vibrant lifestyle with a strong economy and population growth. The property features high-efficiency heating and cooling, new electrical and plumbing systems, and a HUD loan assumption possibility. This is a rare opportunity to acquire a stabilized, high-quality multifamily asset in a prime location with a 5.66% cap rate and 100% occupancy. The asking price is $4,840,000.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Green Bay
- County
- Brown
- State
- Wisconsin
- Longitude
- -88.0042752
- Latitude
- 44.5119266
