9040 N 85th St #9050, 9060

Milwaukee, WI, 53224

$3,570,000

$3,570,000
Active
Active
 - For Sale
property_type
Multi-family
calendar
Built 1978
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.
MLS® ID:
1794857|METRO
Listed:
6/23/22
Updated:
6/26/22

Interior Features

Kitchen Appliances
Seller Leased: Dryer, Seller Leased: Washer, Seller Owned: Water Heater
Total Bedrooms
0
Total Bathrooms
0
Cooling
Central Air, Forced Air, Individual Heating Units

Exterior/Building Features

Lot Size
2.64 acres lot
Architectural Style
Apartment Building

School Information

School District
Milwaukee

Other Property Details

Taxes
$50774
Tax Frequency
per YEAR
Attached Garage
No
Parking
Outdoor Space, Inside Parking, Outside
View
N
County
Milwaukee
Water Source
Municipal Sewer, Municipal Water
Zoning
RM1

Property History

Date
Event
Price
Value
6/23/22
Price Change
$3,570,000
-5%

 

Courtesy of Compass RE WI-Northshore, Anna Beckerleg

Information is supplied by the seller and other third parties and has not been verified. IDX information is provided exclusively for consumers’ personal, non-commercial use, and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 

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Data last updated 4:01 AM UTC, 6/26/22

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