Listing Courtesy of: Segal Goldman Realty Group* - RE/MAX Service First
262-287-9900
$3,790,000
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2848 W Wisconsin AVENUE Milwaukee, WI 53208
Multi-Family
Residence
Beds
Baths
...
Bed/Bath
41,706
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
TWO 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 so...lid 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.
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Source MLS
Wisconsin Real Estate Exchange (WIREX)
Originating MLS
WIREX_METRO
MLS#
WIREX_METRO1887663
Property Type
Multi-Family
Year Built
1962
Square Feet
41,706
sq. ft
Lot Size
0.5
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