Properties

Listing courtesy of Melges Real Estate
Property Description

TWO FULLY-OCCUPIED BRICK BUILDINGS on 2 tax keys (388200800+3882005100). Total of 63 Units in Downtown Milwaukee’s Avenues West Neighborhood (Opportunity Zone #13500). Consists of 2 three-story buildings at the corner of 29th & Wisconsin. 60 of the units are one-bedroom, and 3 units are two-bedroom. This is a solid value-add opportunity because many rents are below market. Features 34 underground parking spaces that are under-utilized. Seller estimates 8.5 CAP today, but 10.5 CAP if owner keeps leasing new tenants at tested, successful higher market rent.

Features
: Laundry Facilities
: Near Public Transit, Underground Garage
: Municipal Sewer
Address Map
US
WI
Milwaukee
Milwaukee
53208
Wisconsin
2848
Ave
W88° 2' 58.3''
N43° 2' 20.6''
W
TWO BUILDINGS at the north-east corner of W. Wisconsin Ave and N. 29th St. Addresses are 2848 W Wisconsin Av & 730 N 29th ST.
Neighborhood
Milwaukee
Additional Info
RE/MAX Service First
Segal Goldman Realty Group*
Additional Information
2024-08-14
: Municipal Water
41706
: Brick
Listing Information
of24000
Active
2024-12-10T15:52:19Z
MetroMLS
2024-08-14T04:38:19Z
sgrealtygroup

Residential Income For Sale

2848 W Wisconsin Ave, Milwaukee, Wisconsin 53208

0.50 Acre
$3,790,000
Listing ID #1887663
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 1887663
Price : $3,790,000
Year Built : 1962
Lot Area : 0.50 Acre
Listing Status : Active
Property Sub Type : Multi-Family
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