13200 W. Bluemound Rd. 

Investment Offering 
 
 
 
 
 
 

Mike Paskov - elmgroveapt@gmail.com - 262-853-3636 

 
 
 

Table of contents 
Table of contents 1 

Executive Overview 2 
Key Property Statistics 2 
Investment Highlights 2 

Area and Market Overview 3 

Location 3 

Property Overview 4 
Building / Property 4 
Apartment Unit Info 5 

Financial Overview 6 
 
 

   

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Executive Overview 
Greenbriar Management is pleased to offer an investment opportunity to purchase an exceptional 
property. This property and accompanying 8-unit apartment building is located in Elm Grove on prime 
real estate with over 250’ of frontage and access to Bluemound road. The property is in a highly 
visible location that projects favorably for new development opportunities or continuation of its current 
use. 

Key Property Statistics 

● 13200 W. Bluemound Rd, Elm Grove, WI 53122 
● 0.91 acre prime location property  
● 8 family apartment building 
● 8 car garage 
● 2 large parking lots 
● Turnkey investment property  
● Prime development location and property with a large lot 
 

Investment Highlights 
● Property located on the Northwest corner of Bluemound Road and Elm Grove Road 
○ Convenient access with entrances on both roads 
● Ideal property size and location 
○ 0.9 Acre lot, 9,000 sf parking lots, 9,600 sf building 
● Located with central access to Brookfield, Wauwatosa, Elm Grove 
● Excellent visibility and access from adjacent Bluemound Road corridor and located within 2 
miles of I-94 interchange entrances 
● Low turnover and vacancy rates 
● Annual Rent - $99,000 
● Net Operating Income - $62,000 

 
 
 
 
 
 

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Area and Market Overview 

Location 
This location is located on the edge of Elm Grove, Wisconsin in an affluent community 10 miles west of 
downtown Milwaukee. The Property is conveniently situated at the intersection of Bluemound Road 
and Elm Grove Road with high visibility and excellent ingress/egress. Located in close proximity to 
nearby retail, restaurants, hotels, and other amenities, the Property offers its tenants a variety of 
entertain options within Wauwatosa, Brookfield, and other surrounding submarkets. 
 
Centrally located and in close proximity to the following: 
● Major Employers 
○ Aurora Health Care, Ascension Health Care, Froedtert Hospital & the Medical College, 
Children’s Hospital GE, Kohl’s, Harley Davidson, Johnson Controls, Kroger / Roundy’s, 
Northwestern Mutual 
● Major Universities and Schools 
○ Highly regarded K12 school systems in the Brookfield / Elm Grove district 
○ Marquette University, Alverno College, Cardinal Stritch University, Medical College of 
Wisconsin, Carroll University, Milwaukee Area Technical College, Milwaukee Institute of 
Art and Design, Milwaukee School of Engineering, Mount Mary College, and Wisconsin 
Lutheran College, Lakeland College 
● Suburban Retail 
○ Brookfield Square, Mayfair Mall, Bluemound retail corridor, The Corners Brookfield, 
Mayfair road retail corridor 
○ Ample restaurants, shops and retail offerings 
● Local Office / Industrial Parks 
○ Bishop’s Woods (23 buildings - 1.2 million sq-ft offices - 0.2 miles away) 
○ Brookfield Lakes (23 buildings - 1.0 million sq-ft offices - 3.0 miles away) 
○ Executive Drive Office Park (15 buildings - 1.1 million sq-ft offices - 2.5 miles away) 
 
 
 
 
 
 

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Property Overview 

 
 

Building / Property 
● Zoning: Multifamily residential 
● 2-story, 8-unit, 9,600 sq-ft apartment building 
● Land Area: Approx 0.91 acres 
● Parking 
○ 8 car, 2,000 sq-ft garage 
○ 2 surface parking lots 
■ 6,300 sq-ft and 2,700 sq-ft 
● Access: 2 entrances from both Elm Grove Road and Bluemound Road 
● Exterior Walls: Brick 
● Real Estate Taxes 
○ Tax Key: EGV 1107996 - ​http://tax.waukeshacounty.gov/ 
○ 2017 property taxes: $15,489 
● Land survey is available to prospective buyers 
 
 

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Apartment Unit Info 

● http://www.ElmGroveApt.com 
● Unit information 
○ 2 Bedrooms, 1.5 Bathrooms 
○ 1,200 Square Feet 
○ Average rents $1,050 per unit 
○ 7 units currently rented, owner living in the 8th unit 
● Apartment complex and individual units have been well maintained, and are in great cosmetic 
shape inside and out 
● 2 units recently renovated; both with in-unit washer and dryers 
○ 1 unit has a beautifully updated modern bathroom 
● Newly paved east parking lot in 2016 
● Basement Info 
○ Clean basement 
○ 8 Individually locked tenant basement storage lockers 
■ 2 supplemental storage lockers for rent 
○ 1 large basement owner storage area 
○ 2 smaller owner storage areas / workshops 
○ 8 hookups for both electric / gas washers and dryers (tenant owned) 
● Large outdoor fenced in private service/ storage yard  
● Appliances 
○ Well maintained furnaces, each with yearly maintenance 
○ Well maintained central air conditioners with yearly maintenance  
○ Well maintained and newer hot water heaters 
 
 
 
 

   

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Financial Overview 
Net Operating Income  Amount 
Monthly Rent  $8,325 
Months  12 
Annual Rent  $99,900 
Opex  $36,963 
Net Income  $62,937 
 
Local Rent Info 
● Current rents in the property average $1,050 per unit 
● $1,100 - $1,500 local 2 bedroom apartment prices 
● This property is currently below market rent with potential for increases 
 
Potential unit upgrades and ROI 
● $800 New kitchen appliances 
● $7,000 Bathroom Update 
● Potential Rent increase of $100-$150 per month 
○ 15%-22% return on investment 
● Currently a pet free apartment. Potential to allow pets and charge a per month pet fee 
○ Front lawn is large enough for a fenced in area 
 
 

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