Wisconsin Portfolio LLC is an investment in a stabilized, cash flowing multi-family apartment portfolio. The 460-unit portfolio is made up of six townhouse-style communities, in Lake Delton, Mauston, and Madison, Wisconsin. Many of the units were built between 2003-2007, while the oldest units were completed in 1995.
The Wisconsin portfolio is made up of 192 units in Lake Delton, Wisconsin; 204 units in Mauston, Wisconsin, and 64 units in Madison, Wisconsin. The six townhouse communities in the Wisconsin Portfolio feature individual entrances, in-unit laundry and attached or detached garages. Several of the communities feature vaulted ceilings, large patios, community rooms, and dog parks. Since the majority of the units were built in the mid 2000’s; the properties require minimal updating, given they are in good condition. While these improvements are in process, the property will be cash flowing to investors immediately and various strategies will be implemented to preserve and improve cashflow, asset integrity and improve the asset’s net operating income.
Lake Delton is located less than ten minutes from the Wisconsin Dells, a major tourist destination that benefits from over 4 million visitors per year to the region with easy access to major retail, restaurants, and employment opportunities throughout the resort area. Known as the “Waterpark Capital of the World”, the Wisconsin Dells are home to the largest concentration of indoor and outdoor waterparks on Earth. Mauston, located twenty minutes north via I-90/94 from Lake Delton is a smaller community in close proximity to the Wisconsin Dells making it a quick commute for employment in addition to the Wisconsin Department of Health Services, the Mile Bluff Medical Center, and FedEx Freight Distribution. The 64 units in Madison are located within the booming Madison marketplace offering residents the benefits of one of America’s fastest growing cities with incredible employment and lifestyle opportunities.
These properties were purchased in September 2022.