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    1950 N 20th St , #1958

    Milwaukee, WI 53205
    • $585,000
    • STATUS: Active Under Contract
    • ON SITE: 102 days
    • ID#: 1698525
    Under Contract
    UPDATED: 35 min ago
    $585,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1926
    County:
    Area:

    School Ratings & Info

    School District:
    Listing provided courtesy of Riverwest Realty Milwaukee.

    Description

    Double digit Cap Rate! Fantastic 12 unit, tons of recent work including rehabbed 8 car garage, tuck pointing, French drain, new paint and flooring, many new radiators, many new appliances. Spacious 3 bedroom units renting at $795, owner has recently turned over building with fresh tenants, three more to fill. Market rents total $8615 with garage rents to be an additional $400 per month when filled. Owner willing to continue to manage for new buyer if desired. Cap rate of 12% based on pro forma income with 5% vacancy.

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    © 2020 MetroMLS - All rights reserved. Information is supplied by seller and other third parties and has not been verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MetroMLS or RE/MAX Service First Service First Pros. Data last updated: 2020-10-22T12:52:47.707.
    www.soldwisconsin.com/homes/107780112
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    1950 N 20th St , #1958 Milwaukee, WI 53205

    • Price: $585,000
    • Status: Active Under Contract
    • Updated: 35 min ago
    • ID#: 1698525
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    1926
    Built
    County:
    Milwaukee
    Area:
    Milwaukee
    School District:
    Milwaukee
    Property Description
    Double digit Cap Rate! Fantastic 12 unit, tons of recent work including rehabbed 8 car garage, tuck pointing, French drain, new paint and flooring, many new radiators, many new appliances. Spacious 3 bedroom units renting at $795, owner has recently turned over building with fresh tenants, three more to fill. Market rents total $8615 with garage rents to be an additional $400 per month when filled. Owner willing to continue to manage for new buyer if desired. Cap rate of 12% based on pro forma income with 5% vacancy.
    Exterior Features

    Exterior Brick Garage Parking Indoor Space Parking Inside 8.00 Parking Outside 0.00 Roofing RubberTile/Slate Stories 3-4 Stories

    Interior Features

    Basement BlockPartial Heating Cooling Hot Water/SteamNatural Gas Unit Type1 3 Or More BedroomsRange/OvenRefrigerator Unit1 Sq Ft 1001-1250

    Property Features

    Contingent With Offer Flood Plain No Municipality City Source Acreage Public Records Source Year Built Public Records Tax Year 2019 Taxes 11301.00 Type Apartment Building Units Type1 12.00 Water Waste Municipal SewerMunicipal Water Zoning Rs6

    © 2020 MetroMLS - All Rights Reserved. Information is supplied by seller and other third parties and has not been verified.


    © 2020 MetroMLS - All rights reserved. Information is supplied by seller and other third parties and has not been verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MetroMLS or RE/MAX Service First Service First Pros. Data last updated: 2020-10-22T12:52:47.707.
     
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    RE/MAX Service First Service First Pros
    21075 Swenson Drive, Suite 200
    Waukesha WI, 53186
    Listing provided courtesy of Riverwest Realty Milwaukee.