Property Description

TWO BRICK BUILDINGS on 2 tax keys, total 63 Units in Downtown Milwaukee’s Avenues West Neighborhood (Opportunity Zone 13500). Consists of 2 three-story buildings at the corner of 29th & Wisconsin. 60 of the units are one-bedroom, and 3 units are two-bedroom. FULLY OCCUPIED, and with a Resident Manager. This is a solid value-add opportunity because many rents are below market. Features 34 underground parking spaces that are under-utilized. Seller estimates 8.5 CAP today, but 10.5 CAP if owner keeps leasing new tenants at tested, successful higher market rent.

Features
: Laundry facilities
: Near public transit, Underground garage
Location Details
TWO BUILDINGS at the north-east corner of W. Wisco
730 N 29th
US
WI
Milwaukee
Milwaukee
53208
Wisconsin
2848
Ave
Milwaukee
0
W88° 2' 58.3''
N43° 2' 20.6''
Property Information
Active
RM7 & RM6
$33,663
2023
0
: Natural gas, Hot water/steam
81'x149' and 79'x125'
: Apartment building
: Municipal sewer, Municipal water
of24000
RE/MAX Service First
(262) 287-9900
info@soldwisconsin.com
sgrealtygroup
Segal Goldman Realty Group*
0 Sqft
34
0
63
$0

Multi-Family Investment

2848 Wisconsin Ave, Milwaukee, Wisconsin 53208

0 Bedrooms
0 Bathrooms
0 Sqft
$3,790,000
Listing ID #1887663
Basic Details
Property Type : Multi-Family Investment
Listing Type : For Sale
Listing ID : 1887663
Price : $3,790,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 0 Sqft
Year Built : 1962
Lot Area : 0.50 Acre
Agent info
Maureen Stapleton
Stapleton Realty
112 N. Main Street Oconomowoc, WI 53066
Contact Agent