Building Momentum in West Allis
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
Units
$254,422
Cost Per Unit
20%+
Proj. 4-Year IRR
2.00X
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.