Tosa Village

About Tosa Village

Garden Style Asset in Prime Milwaukee Suburb

Tosa Village Apartments, built in 1973 and comprising 100 units, is ideally located on the main street of Wauwatosa, a sought-after first-ring suburb of Milwaukee. This prime location offers immediate access to leading retailers such as Walgreens, Metro Market, and OrangeTheory. The property has undergone two significant renovation programs—one 6-10 years ago and another within the last five years—resulting in a diverse range of unit styles for tenants.

Well-kept Asset with Steady, Positive Performance

• 11.9% increase in net rental income and 7.2% increase in NOI from February 2024 to 2025
• $834k+ of recent capex invested – replaced 3 roofs, every balcony, enhanced common areas, landscaping & asphalt repairs
• 94 units renovated in the past 10 years, with 6 classic units remaining providing a potential for $74/ unit premium

Premium First Ring Suburb of Milwaukee - Wauwatosa

• Walking distance to top local and national retailers such as Walgreens, Metro Market (grocery) and Orange Theory
• 3-minute drive to the village of Wauwatosa’s shops and restaurants

Caters to “Missing Middle” Renter Profile

• Scarcity of attainable rental options – 63% of apartment rental stock within one mile built after 2000
• Only 526 units of inventory built before 2000 averaging $1,339/mo Tosa’s average rent is $1,362/mo offering renovated units at a $489 discount to 2000+ Construction product
• 100% of units below 80% of AMI – Agency mission driven eligibility
• 83% discount to home ownership - $1,179/mo less to live at Tosa Village than to live in the average home within one mile
• 10.4% affordability gap – while 48% of households earn $100k+, 59% of the housing stock is $300k+

Within 15 Minutes of Milwaukee Area’s Top Employers

• 5 minutes from Milwaukee Regional Medical Center – over 26,000 employees and 1,500+ medical students
• 8 minutes from Milwaukee County Research Park – over 4,800 employees and 115 businesses
• 12-minute drive to downtown Milwaukee – Over 90,000 white collar jobs