Willowbrook Glen - 8 units - Cuba City, WI - $210,000

[Jack Brett]

ADDRESS:420 East Kelly Street, Cuba City, WI 53807

UNITS:8 Units

YEAR COMPLETED:1999

PRICE:$210,000

Introduction

Cuba City, nicknamed “The City of Presidents”, is a town of 2,086 people located in the southwest corner of Wisconsin. The town’s prime locations allows it to easily serve the states of Iowa and Illinois, as well as Wisconsin. Along with its proximity to excellent colleges and training facilities, Cuba City has a large area labor force (23,000 people within a 15-mile radius and 90,000 people within a 20- mile radius). Quality education is a mainstay in Cuba City, with schools boasting a student teacher ratio of 11 to 1, and a high school graduation rate that exceeds the national average. The Kaster- McClain Industrial Park provides businesses with the facilities needed to grow and expand. An increase in population is expected for Cuba City and the region through 2030. Situated between the urban centers of Madison, WI and Dubuque, IA, Cuba City is an easily assessable town that provides a small town atmosphere and a high quality of life.

Investment Summary

STABILIZED PROFORMA
EFFECTIVE GROSS INCOME:	$63,221
OPERATING EXPENSES:	$44,157
NOI BEFORE CAPITAL RESERVES:	$19,065
CAPITAL RESERVES:	$2,800
NOI AFTER CAPITAL RESERVES:	$16,265