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Listed by Apartment Cash Flow, Inc.
$ 1,125,000
Est. payment | /mo
4,791 Sqft Lot
$ 1,125,000
Est. payment | /mo
4,791 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality MILWAUKEE
MLS Listing ID 2026966
Year Built 1913
Annual Tax Amount $17,500
Tax Year 2025
Lot Size 4,791 Sqft
Property Description
Fully renovated Bay View 5-unit now offered at $1,125,000, providing an approximately 6.2% in-place cap with additional rent upside. The property features four renovated long-term apartments plus one furnished 2-bedroom unit currently operating as a successful Airbnb, offering flexibility for short-term, mid-term, or traditional long-term rental strategies. Current long term rents reach $1,850/month, with recent comparables supporting additional rental upside. Tenants pay gas and electric, with all units separately metered. Recent improvements include a new roof (2017), exhaust vents (2023), modernized interiors, updated kitchens, stainless steel appliances, and contemporary finishes throughout. Off-street parking and onsite laundry. Conveniently located near Kinnickinnic Avenue, South Shore Park, downtown Milwaukee, restaurants, shopping, and Lake Michigan.
Location
State WI
County Milwaukee
Zoning RT4
Rooms
Basement Full, Finished
Interior
Heating Natural Gas
Cooling Forced Air
Exterior
Utilities Available Separate Electric Meters, Separate Gas Meters
Building
Dwelling Type Apartment Building
Sewer Municipal Water, Municipal Sewer
Structure Type Brick
New Construction N
Schools
Elementary Schools Parkside
Middle Schools Parkside
High Schools Not Assigned
School District Milwaukee
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