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34-Unit Townhomes in Wisconsin Bought by Koble Investments
Marcus & Millichap closed the sale of Nicolet Townhomes, a 34-unit apartment property located in Grand Chute, Wisconsin.
“This was an excellent chance to acquire a well-maintained asset with both upside potential due to recent renovations and value-add possibilities,” said Matthew Whiteside, senior managing director investments. “The Whiteside Group was privileged to manage this transaction and ensure a mutually satisfying outcome for both parties.”
Whiteside, investment specialist in Marcus & Millichap’s Milwaukee office, had the exclusive listing to market the property on behalf of the seller, Rhumbline Real Estate Partners, and procured the buyer, Koble Investments.
Located at 1410-1712 S. Nicolet Road, Nicolet Townhomes offers three- and four-bedroom units across 42,650 rentable square feet. Built in 1987 and recently renovated, the property comprises 17 buildings, each featuring two side-by-side townhome units with attached two-car garages. The community spans 4.32 acres near Interstate 41, just two miles from downtown Appleton.
