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Listing Provided By Compass RE WI-Northshore
$3,570,000
9040 N 85th St 9050, 9060, Milwaukee, WI 53224
0 Beds
0 Baths
n/a SqFt

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Listing Provided By Compass RE WI-Northshore
47 near-identical condo units between 3 buildings. The majority of units have been updated within the last 3 years with LVP, updated counters, cabinets, bathroom fixtures and a modern/durable paint scheme. The exterior was painted 4 yrs ago. The buildings are fully leased with over 1/3rd of tenants paying above $825/mo and over 1/4th of tenants paying all utilities. There is ample parking and a 4 car garage. Storage units and coin-operated laundry in basement. This is a unique opportunity to rent multiple condo units as an efficient multi-family (as it has been done for years) or execute a lease-to-own operation at sale and in one location. The property has been stabilized over the past few years and this is a turn-key operation with equity and cash-flow upside.
  • Price:
  • $3,570,000
  • Acreage:
  • 2.64
  • Year Built:
  • 1978
  • Listing ID #:
  • 1794857
  • Street Address:
  • 9040 N 85th St 9050, 9060
  • City:
  • Milwaukee
  • State:
  • Wisconsin
  • Postal Code:
  • 53224
  • County:
  • Milwaukee
  • Listing Status:
  • Active
  • Listing Type:
  • Multi-Family
School District: Milwaukee
  • Basement Description:
  • Block, Full, Laundry Facilities
  • Construction Description:
  • Partial-Masonite/Pressboard, Partial-Brick
  • Dwelling Type:
  • Apartment Building
  • Number Of Units:
  • 47
  • Year Built:
  • 1978
  • Approximate Lot Size Range:
  • 1 To 4.99
  • Conforms To Zoning:
  • Rm1
  • Excluded:
  • Seller And Tenant Personal Property
  • Included In Sale:
  • 47 Stoves/Ovens, 47 Refrigerators, 47 Dishwashers
  • Property Taxes:
  • $50,774
  • Tax Year:
  • 2021
  • Parking Description:
  • Outdoor Space, Inside Parking, Outside
  • Appliances:
  • Seller Leased: Dryer, Seller Leased: Washer, Seller Owned: Water Heater
  • Heating Fuel:
  • Natural Gas
  • Hvac:
  • Central Air, Forced Air, Individual Heating Units
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Compass RE WI-Northshore
  • This information, provided by seller, listing broker, and other parties, may not have been verified. WIREX