Park View Apartments

1601 N Randall Avenue


Janesville, WI

Main

Year Built: 1970

Land Area: 3.71 acres

Asset Class: B

Status: Available








Property Type

Multifamily

Location

Janesville

Units

96

Park View Apartments


Park View Apartments, nestled in the quiet neighborhood surrounding Hawthorne Park in Janesville, Wisconsin is a great opportunity for steady investment. _**The setting for Park View is idyllic with grand, stately oak trees and an expansive lawn area.**_ Typically appealing to a senior demographic, Park View has been a destination for residents seeking efficient living and access to important amenities like shopping, medical offices, hospitals and pharmacies. _**Tenants enjoy this asset’s boutique feel, and it shows via high retention rates and long rental tenure as a result.**_ This is truly a “bread and butter” opportunity for investors seeking _**low risk and strong returns.**_ This is coupled with the opportunity to convert the asset into a more “senior specific” use giving a new investor multiple executions. In addition, current ownership has secured favorable, _**assumable agency financing**_ at record-low interest rates, which allows new ownership to generate _**great returns**_ immediately.

Quick Facts:


* Construction Year: **1970** * Total Units: **96** * One Bedroom Units: **95** * Two Bedroom Units: **1** * Average Market Rent: **$700** * Average Market Rent psf: **$1.27** * Parking Spaces: **82**

Asset Photos



Contact Sales Team



Todd Stofflet


Managing Director

Todd Stofflet
Phone: 312.477.7004
Mobile: 312.622.2339
Email: todd.stofflet@cushwake.com

Jason Stevens


Managing Director

Jason Stevens
Phone: 312.477.7012
Mobile: 312.608.6188
Email: jason.stevens@cushwake.com

Susan Tjarksen


Managing Director

Susan Tjarksen
Phone: 312.477.7006
Mobile: 312.523.7617
Email: susan.tjarksen@cushwake.com