F Street Iron Block LLC | F Street | Invest in the Axis Apartments

F Street Iron Block offers passive income from a fully leased historic property in downtown Milwaukee.

Historic Asset.

Passive Income.

Iron Block

F Street is excited to present The Axis Apartments, a Class A multifamily development opportunity in West Allis, Wisconsin. This project will bring 147 units to the community through a thoughtfully planned two-phase approach. Phase 1 consists of 42 units built using F Street’s proven garden-style method, while Phase 2 will deliver a 105 unit prominent, amenity-rich mid-rise building along the Greenfield Avenue corridor.

The combination of these two building types is designed to drive leasing demand while maximizing the site's potential.

MULTIFAMILY

ASSET TYPE

Garden/Midrise

Style

MKE COUNTY

REGION

West Allis

Submarket

$37.4 Million

Development Cost

$12,4 Million

Total Equity Raise

147

Total units

$254,422

Cost Per Unit

20%+

Projected 4-Year IRR

2.00X

Proj. 4-Year Equity Multiple

Strategically located near downtown West Allis, with excellent transit access and supported by a strong Tax Incremental Financing (TIF) package, this infill development replaces a former blighted church site and aligns with the city's growth vision. The investment offers compelling returns through a 8% preferred return, strong cash flow, and an equity position in an appreciating, Class-A multifamily asset.

With construction beginning in Q4 2025 and the first unit deliveries expected within 7-8 months, F Street 92, LLC is well-positioned for rapid lease-up and strong market absorption.