Downtown Sheboygan Investment Property
Two income-producing properties at 512 and 514 N. 8th St. in downtown Sheboygan being sold as a package offers a great opportunity for investors. Situated on the bustling southern stretch of 8th St., these properties boast 7 fully leased apartments and 2 retail spaces with a proven income stream. Extensive remodeling from 2014 to the present, including new roofs. Call now to learn about more about this investment in a thriving downtown location.
Address: 512 & 514 N. 8th St., Sheboygan WI (two property portfolio)
List Price: $699,000
Annual Gross Income: $79,800
Proforma NOI: $54,184
CAP Rate: 7.75%
Units: 2 Retail Spaces & 7 Apartments | 100% Leased
Parcels: 59281108580 & 59281108590
Recent Capital Improvements:
Both roofs replaced in 2014 & 2023
All apartments renovated with a minimum of new flooring, molding, doors, HVAC, cabinets, counters, sinks, showers since 2014. Two apartment units completely stripped to studs and remolded in 2021.
