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
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This information, provided by seller, listing broker, and other parties, may not have been verified.
