4 Units / $1,175,000Prime Milwaukee downtown multi family investment Opportunity for a 17 bedroom licensed rooming house. Blocks from the lake and downtown. This centrally located multifamily property features four spacious units/floors totaling 17 bedrooms and 7 bathrooms. The building is currently rented by the floor to tenants, but holds a rooming house license, allowing for flexibility to maximize income by leasing individual rooms. Each floor features dedicated central air and a common laundry facility is in the basement with dedicated sets of washer and dryer for each floor. Tenants pay utilities and renters insurance. Rooming house market rent is ~$600-700/bed. This is a rare opportunity to acquire a versatile, income-producing asset in a high-demand location with room to grow revenue!
802 N Van Buren St Milwaukee, WI. |
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Listing #1917218 Details |
Property Type: | Apartment Building,Rooming House |
List Price: | $1,175,000 |
Taxes: | $14,221 |
Tax Year: | 2024 |
Year Built: | 1896 |
Zoning: | C9A(A) |
Lot Size: | |
Total Units: | 4 |
# Stories: | 3-4 Stories |
Exterior: | Brick |
Roofing | |
Garage / Parking: | None |
Basement: | Full |
Heating / Cooling: | Natural Gas |
Water / Waste: | Municipal Sewer,Municipal Water |
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