$779,000

Active

Listed by Contero Real Estate Llc

Description

Fantastic turn-key investment on Milwaukee's East Side! Just three blocks from North Ave and N Farwell Ave. Perfect for an investor or owner occupant looking for cash flow. This five-unit building features one three-bedroom, two-bathroom unit, two two-bedroom, one-bathroom units, and two one-bedroom, one-bathroom units, a yard and four-car, detached garage. The building is fully occupied with long-term tenants on one-year leases. Highlights include new roof (2015), new drain tile and sump pumps (2017), two new retaining walls (2017), and new copper plumbing in the basement (2019). Tenants pay a prorated share of water, gas, and electric. This property boasts a cap rate of 5.7% and an unbeatable location and rental history. Don't miss out!

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Property Details

Features Multi-Family

Number of Units: 5 Garage/Parking: Indoor Space
Subdivision: Property Type: Apartment Building, Duplex +
Body of Water: Waterfront/Access:
Est Year Built: 1890 Exterior: Aluminum
Heating/Cooling: Natural Gas Lot Size:
Est Acreage: 0.2 School District: Milwaukee
High School: Middle School:
Elementary School: Taxes: $11,682
Tax Year: 2019 Zoning: RES

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Listing History

Date Event Change
Sep 22 2020 10:39AM Price Change $779,000

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