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Greater Milwaukee Apartment Property Breaks Record for Region's 1970s Rentals

Investors Plan to Renovate to Boost Rents in a Nationwide Surge in This Type of Deal
The Springdale Apartments, a 199-unit multifamily property in the Milwaukee suburb of Waukesha. (CoStar)
The Springdale Apartments, a 199-unit multifamily property in the Milwaukee suburb of Waukesha. (CoStar)
CoStar News
November 21, 2019 | 7:00 P.M.

A 199-unit apartment complex just broke the record as the priciest sale of a multifamily property built in the 1970s around Milwaukee, reflecting the nationwide popularity of investing in rentals that can be renovated to charge higher rents.

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