Cobblestone Creek, is a 4-building, 164-unit value-add multifamily investment opportunity delivered 2013 – 2015 in the Village of Pleasant Prairie in Kenosha County, Wisconsin. Cobblestone Creek was built and is maintained by one of Wisconsin’s most prominent home builders, ensuring the highest-quality construction and home-like units rarely found in rental product. Cobblestone Creek features 1:1 underground garage parking and 70 two-story interior loft-style units. 60 different floor plans and unique features such as skylights, large in-unit laundry rooms, half-baths, snack bars, and pantries further differentiates Cobblestone Creek from its competition.

PARKING IS INCLUDED IN RENT: Every unit receives a free underground garage parking space in their rent. Competing properties charge from $75 to $125 per month for garage parking.

NO PETS ALLOWED: Cobblestone Creek does not allow pets. By allowing pets, a new owner will expand its potential renter profile while adding fee revenue. For example, most competing properties charge a $300 upfront non-refundable pet fee plus a $30 per month pet rent.

VALUE-ADD: UNIT INTERIORS: Cobblestone Creek is 10 years old with original interior finishes. The opportunity to add plank flooring in living areas, quartz countertops, stainless steel appliances, upgraded lighting, and other features will drive additional revenue. The Property’s 70 two-story loft-style units are certainly unique to the market and would thus command strong premiums through modern upgrades and finishes.

VALUE-ADD: AMENITIES: Renovate and/or expand the existing Clubhouse building to add a fitness center and co-working spaces, or just upgrade the existing interior finishes. Build a new maintenance garage to move it out of the Clubhouse to create more amenity space.