$585,000

1950 N 20th St 1958

Milwaukee WI, 53205

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.

Details

MLS#1698525
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1926
Days On Site107

Features

Units12
Building(s)1
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Area Information
StateWI
CountyMilwaukee
CityMilwaukee
Zip Code53205
AreaMilwaukee
Listing VS Median (in 53205)
Price:
$585,000
low | high
Med:
$92,450
100% of Average
On Site:
107
low | high
Med:
161
66.459627329193% of Average
Listing Updated: 10/26/2020
Michael P Argeropoulos LogoMLS Number: 1698525
Listing Provided By:
Michael P Argeropoulos  of  Riverwest Realty Milwaukee
Listing data provided by Metro MLS. Copyright 2020, Multiple Listing Service, Inc. 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