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Listed by Shorewest Realtors - South Metro
$ 399,900
Est. payment | /mo
11 Beds
7,405 Sqft Lot
$ 399,900
Est. payment | /mo
11 Beds
7,405 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality MILWAUKEE
MLS Listing ID 1979807
Bedrooms 11
Year Built 1927
Annual Tax Amount $6,782
Tax Year 2025
Lot Size 7,405 Sqft
Property Description
Add a strong income-producing property to your portfolio with this well-maintained Milwaukee investment opportunity. The property currently generates approximately $5,145 per month in rental income, providing solid in-place cash flow from day one.The units have been mostly updated, offering an attractive opportunity for investors. Improvements throughout the property include newer flooring, updated cabinets, and updated kitchen and bathroom fixtures.Also some newer windows. Mechanicals are in good condition and 1 furnace replaced 2025. With over $61,000 in current annual gross rental income, updated units, recent mechanical improvements, and established tenants, this property offers investors an opportunity to acquire a stabilized rental asset with immediate income.
Location
State WI
County Milwaukee
Zoning LB2
Rooms
Basement Full
Interior
Heating Natural Gas
Cooling Forced Air
Equipment Seller Owned: Water Heater
Appliance Seller Owned: Water Heater
Exterior
Parking Features Indoor Space
Building
Dwelling Type Apartment Building
Story 1 - 2
Sewer Municipal Sewer, Municipal Water
Structure Type Brick/Stone,Brick,Vinyl,Wood
New Construction N
Schools
School District Milwaukee
Others
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