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Tosa Village

100 Units
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Under Contract
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Under Contract
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Under Contract
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About

About Tosa Village

Garden Style Asset in Prime Milwaukee Suburb

    Tosa Village Apartments, built in 1973 and comprising 100 units, is ideally located on the main street of Wauwatosa, a sought-after first-ring suburb of Milwaukee. This prime location offers immediate access to leading retailers such as Walgreens, Metro Market, and OrangeTheory. The property has undergone two significant renovation programs—one 6-10 years ago and another within the last five years—resulting in a diverse range of unit styles for tenants.

      Well-kept Asset with Steady, Positive Performance

      • 11.9% increase in net rental income and 7.2% increase in NOI from February 2024 to 2025
      • $834k+ of recent capex invested – replaced 3 roofs, every balcony, enhanced common areas, landscaping & asphalt repairs
      • 94 units renovated in the past 10 years, with 6 classic units remaining providing a potential for $74/ unit premium

      Premium First Ring Suburb of Milwaukee - Wauwatosa

      • Walking distance to top local and national retailers such as Walgreens, Metro Market (grocery) and Orange Theory
      • 3-minute drive to the village of Wauwatosa’s shops and restaurants

      Caters to “Missing Middle” Renter Profile

      • Scarcity of attainable rental options – 63% of apartment rental stock within one mile built after 2000
      • Only 526 units of inventory built before 2000 averaging $1,339/mo Tosa’s average rent is $1,362/mo offering renovated units at a $489 discount to 2000+ Construction product
      • 100% of units below 80% of AMI – Agency mission driven eligibility
      • 83% discount to home ownership - $1,179/mo less to live at Tosa Village than to live in the average home within one mile
      • 10.4% affordability gap – while 48% of households earn $100k+, 59% of the housing stock is $300k+

      Within 15 Minutes of Milwaukee Area’s Top Employers

      • 5 minutes from Milwaukee Regional Medical Center – over 26,000 employees and 1,500+ medical students
      • 8 minutes from Milwaukee County Research Park – over 4,800 employees and 115 businesses
      • 12-minute drive to downtown Milwaukee – Over 90,000 white collar jobs

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