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Property profile & analytics

234 Prince St Whitewater, WI 53190-1302

  • Commercial real estate
  • 1.62 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US92-1977546
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Element Apartments / Vacation Rental

Property Details for 234 Prince St

Lot size
1.62 lot acres
Property type
Commercial real estate
APN
/A438600001
APU
A438600001

Description

This exceptional investment opportunity presents a 24-unit multifamily property ideally situated in Whitewater, Wisconsin, catering to the University of Wisconsin-Whitewater student population. The property comprises two buildings totaling 28,291 square feet, constructed in 2012. One building is a three-story structure with a concrete exterior and block foundation, while the second is a two-story house with vinyl siding and a block foundation. Roofing consists of a flat rubber membrane and pitched asphalt shingles. The 1.79-acre site includes two parcels (A438600001 and WUP00178A). The property boasts 87 beds distributed across unit types including one-bedroom, two-bedroom, three-bedroom, and four-bedroom units. Amenities include in-unit washer/dryers, a community room, a study room, and 60 parking stalls (55 surface lots at $50/month and 5 underground at $80/month). Utilities are a mix of landlord-paid (heat, hot water, water, sewer) and tenant-paid (electricity, air conditioning). Appliances include ranges, refrigerators, dishwashers, microwaves, and disposals. Patios or balconies are included with most units. The property currently enjoys a 94.25% occupancy rate, generating a Net Operating Income (NOI) of $331,380, representing a 6.69% capitalization rate. The asking price is $4,950,000, or $56,897 per unit, and $174.97 per square foot. This property offers a compelling combination of strong performance metrics and desirable student housing features in a thriving university town.


Value Estimations

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Location Insight

  • Map
  • Local Demand
City
Whitewater
County
Walworth
State
Wisconsin
Longitude
-88.7476
Latitude
42.8377
CBSA code
48580
CBSA name
WHITEWATER, WI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$47,150
$140,000
$2,735,000
$2,875,000
-
$0.00
$0.00
$0.00
More about this property
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