Springdale Apartments

Posted: 11/4/2019
199 Units
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About Springdale Apartments

The Cushman & Wakefield Midwest Multifamily Advisory Group is pleased to present this rare off-market opportunity, Springdale Apartments, in the strong Milwaukee suburb of Waukesha. Springdale is a well maintained 199 unit property built in 1973 with 97% occupancy located less than a mile from I-94 making for a short 20 minute commute to downtown Milwaukee and surrounding suburbs. Current ownership is seeing premiums up to $150 for the 20 units they have renovated and there is plenty of meat on the bone for new ownership to continue a value-add program to create a niche property in the market that will continue to attract tenants from nearby major employers like Briggs & Straton, GE Healthcare, ProHealth Care, Generac Holdings, and Fiserv.