Multifamily Property for Sale in Wausau, WI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Wausau, WI 54401

Description

Marcus & Millichap is proud to present The Timberwolf Suites, a premier student housing complex located in the lively city of Wausau, Wisconsin, serving as the only student housing available on campus. Situated directly behind Northcentral Technical College off of N 3rd Ave and W Campus drive. This 2018 built property consists of 66 units with a total of 200 beds with a healthy mix of (30) two-bed units, four three-bed units, and (32) four-bed units. Established in 1912, Northcentral Technical College or NTC now has a total enrollment of 5,939 and offers more than 190 different programs for students. With a student-to-faculty ratio of 11:1 and an impressive transfer-out rate of only eight percent, this thriving college offers students the ability to receive a higher education across its comprehensive range of programs. The top programs include Registered Nursing/Registered Nurse, Dental Hygiene/Hygienist, and Psychiatric/Mental Health Services Technician. NTC is also an extremely affordable college with in-state tuition of $3,723 for the 2023 school year and 28 percent of the student’s receiving grants or scholarship aid with the average scholarship or grant award being $4,014. These technical schools are continuing to grow across the country with students getting the college experience at a fraction of the cost with over 400 transfer agreements with over 50 university of Wisconsin and private college partners. Timberwolf Suites Student Living is a privately-owned student apartment community that features fully furnished apartments, amenities including high speed internet and facilities such as study rooms and a fitness center. Apartments come fully furnished with a bed, desk and chair. 100 percent of the units have own bathrooms and all units have either a full kitchen while some have a kitchenette. The property has five different floor plans giving students’ flexibility in deciding how they would like to live on campus and washer and dyers on each floor. There is

Market Context

This multifamily in Wausau, WI is listed for sale. It is offered at an approximate 7.2% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 53 days. Compare it against other multifamily listings for sale in Wausau, WI — <a href="/search/sale/multifamily/wisconsin/wausau">view the full market</a>.

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