Listing ID1809596
Sold For$2,100,000
StatusClosed
Sold Date2/28/2023
Acres
1.340
CountyMilwaukee
Year Built1974
Property TypeMulti-Family
Property Sub TypeMulti-Family
26-unit townhouse style stabilized and cash flowing multifamily investment. Each spacious unit boasts 1000 plus square feet, a basement, and individual carport parking . Conveniently located a few blocks off of Good Hope Road near major employers and ample public transportation, not to mention highway access as well. Individual furnaces, A/C, and water heaters. Many units have been extensively rehabbed within the last 15 months. 48 Hour notice required. Please do not disturb the residents. Professionally managed by Renters Warehouse. GSI based on rent roll, expenses current and pro forma.
County
Milwaukee
Property Sub Type
Multi-Family
Property Type
Multi-Family
Year Built
1974
Zoning
RM1
Basement
Full, Block
Construction Materials
Brick, Partial-Wood, Partial-Vinyl
Lot Size Area
1.34
Lot Size Source
Public Records
Lot Size Square Feet
58370.4
Lot Size Units
Acres
Number Of Units Total
26
Water Source
MunicipalWater
Directions
Good Hope Rd to 43rd; South to property.
High School District
Milwaukee
Postal City
Milwaukee
Zoning Description
RM1
Contingent Date
2023-01-04T00:00:00+00:00
Documents Available
ListingContract
Documents Count
1
Mls Status
Sold
Street Number Numeric
6972
Year Built Source
Public Records
Concessions
No
Exclusions
Tenant owned Oven/Ranges and Refrigerators
Inclusions
10 Refrigerators/10 Oven/Ranges
Net Operating Income
187528.71
Operating Expense
121351.29
Tax Annual Amount
37449.71
Tax Year
2021
Tenant Pays
Water, Heat
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