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$ 3,790,000
Est. payment /mo
Pending
2848 W Wisconsin AVENUE #730 N 29th Milwaukee, WI 53208
41,706 SqFt
UPDATED:
02/12/2025 09:23 PM
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 41,706 sqft
Price per Sqft $90
MLS Listing ID 1887663
Year Built 1962
Annual Tax Amount $33,663
Tax Year 2023
Lot Size 0.500 Acres
Acres 0.5
Property Description
UNDER CONTRACT. TWO FULLY-OCCUPIED BRICK BUILDINGS on 2 tax keys (388200800+3882005100). Secondary Offers Considered! Total of 63 Units in Downtown Milwaukee's Avenues West Neighborhood (Opportunity Zone #13500). Consists of 2 three-story buildings at the corner of 29th & Wisconsin. 60 of the units are one-bedroom, and 3 units are two-bedroom. This is a solid value-add opportunity because many rents are below market. Features 34 underground parking spaces that are under-utilized. Seller estimates 8.5 CAP today, but 10.5 CAP if owner keeps leasing new tenants at tested, successful higher market rent.
Location
State WI
County Milwaukee
Zoning RM7 & RM6
Rooms
Basement Laundry Facilities
Interior
Heating Natural Gas
Cooling Hot Water/Steam
Inclusions 63 stoves, 63 refrigerators.
Equipment Seller Leased: Dryer, Seller Leased: Washer, Seller Owned: Water Heater
Exterior
Exterior Feature Brick/Stone, Brick
Parking Features Underground Garage
Building
Dwelling Type Apartment Building
Sewer Municipal Sewer, Municipal Water
New Construction N
Schools
School District Milwaukee
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