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9040 N 85th St , 9050, 9060

Milwaukee, WI 53224
  • $3,570,000
  • STATUS: Active
  • ON SITE: 77 Days
  • ID#: 1794857
UPDATED: 80 min ago
$3,570,000
  • 0
    BEDS
  • 2.64
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1978
County:
Area:

School Ratings & Info

School District:
Listing provided courtesy of Compass Re Wi-Northshore.

Description

47 near-identical condo units between 3 buildings. The majority of units have been updated within the last 3 years with LVP, updated counters, cabinets, bathroom fixtures and a modern/durable paint scheme. The exterior was painted 4 yrs ago. The buildings are fully leased with over 1/3rd of tenants paying above $825/mo and over 1/4th of tenants paying all utilities. There is ample parking and a 4 car garage. Storage units and coin-operated laundry in basement. This is a unique opportunity to rent multiple condo units as an efficient multi-family (as it has been done for years) or execute a lease-to-own operation at sale and in one location. The property has been stabilized over the past few years and this is a turn-key operation with equity and cash-flow upside.

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© 2022 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: 2022-08-14T13:52:24.93.
www.soldwisconsin.com/homes/129287846
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9040 N 85th St , 9050, 9060 Milwaukee, WI 53224

  • Price: $3,570,000
  • Status: Active
  • On Site: 77 Days
  • Updated: 80 min ago
  • ID#: 1794857
0
Beds
0
Baths
0
½ Baths
2.64
Acres
1978
Built
County:
Milwaukee
Area:
Milwaukee
School District:
Milwaukee
Property Description
47 near-identical condo units between 3 buildings. The majority of units have been updated within the last 3 years with LVP, updated counters, cabinets, bathroom fixtures and a modern/durable paint scheme. The exterior was painted 4 yrs ago. The buildings are fully leased with over 1/3rd of tenants paying above $825/mo and over 1/4th of tenants paying all utilities. There is ample parking and a 4 car garage. Storage units and coin-operated laundry in basement. This is a unique opportunity to rent multiple condo units as an efficient multi-family (as it has been done for years) or execute a lease-to-own operation at sale and in one location. The property has been stabilized over the past few years and this is a turn-key operation with equity and cash-flow upside.
Exterior Features

Exterior Part-Masonite/PresbdPartial-Brick Garage Parking Outdoor Space Parking Inside 0.00 Parking Outside 48.00 Stories 1-2 Stories

Interior Features

Basement BlockFullLaundry Facilities Heating Cooling Central AirForced AirIndiv. Heating UnitsNatural Gas Unit Type1 1 Bath2 BedroomsAir ConditioningBalcony/PatioCable Tv AvailableDining RoomDishwasherDisposalLiving RoomRange/OvenRefrigeratorStorage Lockers Unit1 Sq Ft 751-1000

Property Features

Flood Plain No Municipality City Source Acreage Public Records Source Year Built Public Records Tax Year 2021 Taxes 50774.00 Type Apartment BuildingAssociation Units Type1 47.00 Water Waste Municipal SewerMunicipal Water Zoning Rm1

© 2022 MetroMLS - All Rights Reserved. Information is supplied by seller and other third parties and has not been verified.


© 2022 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: 2022-08-14T13:52:24.93.
 
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RE/MAX Service First Service First Pros
21075 Swenson Drive, Suite 200
Waukesha WI, 53186
Listing provided courtesy of Compass Re Wi-Northshore.