229 N Ludington Street

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229 N Ludington Street

Columbus, WI 53925
Asking Price
$874K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Five-unit multifamily apartment building located in Columbus, Wisconsin.
  • Property is currently listed for sale at an $874,000 price point.
  • The building is situated at 229 N Ludington Street near downtown.
  • Multifamily asset offers steady potential for rental income in Wisconsin.
  • Located within a growing suburban market in the regional area.

What's Special

Columbus serves as a growing community within the regional metro area, offering convenient access for residents commuting throughout south-central Wisconsin. Situated at 229 N Ludington Street, this apartment building presents an opportunity for investors seeking a multifamily asset in a stable suburban environment. The property consists of five individual units designed to meet local housing demand. Given the residential nature of the surrounding area, this asset is well-positioned for long-term rental income strategies or portfolio diversification. The location balances small-town accessibility with proximity to larger employment hubs in the surrounding region, making it a functional choice for tenants who prefer established residential neighborhoods. Prospective buyers can utilize this building as a manageable addition to an existing rental portfolio or as a foundational investment in the regional multifamily market.

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NOI
$80,000
Cap Rate
9.15%
DSCR
1.54
Strong
Cash-on-Cash
10.72%
Monthly Payment
$4,324.075
Annual Cash Flow
$28,111.098

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