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Listed by William Backes • Compass RE WI-Tosa
$ 425,000
Est. payment | /mo
0.31 Acres Lot
$ 425,000
Est. payment | /mo
0.31 Acres Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1977547
Year Built 1885
Annual Tax Amount $7,222
Tax Year 2025
Lot Size 0.310 Acres
Acres 0.31
Property Description
One parcel, two buildings, five units: approx. $49,400 gross income with below-market rents and upside at turnover. documented capital improvements since 2019: three units remodeled (kitchens, baths, flooring, lighting), two high-efficiency furnaces, engineered foundation repair, relined sewer lateral, rebuilt garage structure, new precast exterior stairs. The heaviest investments are behind it; what remains is cosmetic. Hold as-is as a producing asset or add value on your timeline. Four-unit apartment building plus a detached 3BR bungalow: live in the house while four units pay the bills. Established tenants, off-street parking. Financials and improvement list available.
Location
State WI
County Milwaukee
Zoning RM1
Rooms
Basement Full
Interior
Heating Indiv. Heating Units, Natural Gas
Cooling Indiv. Heating Units, Natural Gas
Flooring No
Exterior
Exterior Feature Aluminum Siding, Vinyl
Parking Features Near Public Transit, Outdoor Space
Building
Water Municipal Sewer, Municipal Water
Schools
School District Milwaukee
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