11513 Brown Deer Rd W - Apartments FOR SALE


Milwaukee, WI 53224- Dretzka Park
$4,000,000 USD
262-689-5827
11513 Brown Deer Rd W, Milwaukee, WI for Sale
$4,000,000 USD
Apartments - FOR SALE
1/17
null | 5.84% Cap Rate

11513 Brown Deer Rd W
Milwaukee, WI 53224
Dretzka Park


OVERVIEW

Sharp, 2 story brick exterior apartment building. 36 units, all 2 bedroom/1 bath. None of the units is identical. The square footages ranges from 875-1000 sq. feet. 11 units have vinyl/LVP in the dinette area, matching the kitchen. 25 units have carpet in the dinette area, matching the living room. 36 storage lockers at $10/month rent. 19 garages. Two are used for trash enclosure, 14 are rented at $65/month. There are 43 surface parking spots, 4 are handicap spots and 3 are visitor spots. The other 36 coordinate with each unit number as each resident gets one surface spot included with their rent. Landlord pays water, sewer, common area utilities and trash. Tenant pays electric and HVAC. Roof replaced in 2020. New rents are $1025 and higher. Great investment!

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$101 USD /SF

# OF UNITS

36

PRICE/UNIT

$111,111

CAP RATE

5.84%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Northwoods Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

PARKING SPACES

19

LAND DETAILS

LAND ACRES

1.51 AC

LAND SF

65,776 SF

ZONING

RM1

APN/PARCEL ID

038-0041-100-8

ASK ABOUT THIS PROPERTY

Dan WeberDan Weber ShorewestMore Info
262-689-5827

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Dan WeberDan Weber ShorewestMore Info
262-689-5827

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.