Listing Office: RE/MAX Service First 2848 W Wisconsin in Milwaukee, WI. $3,790,000 / 63 Units / Built in 1962

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 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.

2848 W Wisconsin Milwaukee, WI.
Listing #1887663 Details
Property Type:	Apartment Building
List Price:	$3,790,000
Taxes:	$33,663
Tax Year:	2023
Year Built:	1962
Zoning:	RM7 & RM6
Lot Size:	81'x149' and 79'x125'
Total Units:	63
# Stories:	3-4 Stories
Exterior:	Brick
Roofing
Garage / Parking:	Near Public Transit,Underground Garage
Basement:	Laundry Facilities
Heating / Cooling:	Hot Water/Steam,Natural Gas
Water / Waste:	Municipal Sewer,Municipal Water

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