226 N Water St - Apartments FOR SALE


Milwaukee, WI 53202- Historic Third Ward
$7,750,000 USD
414-877-2200
226 N Water St, Milwaukee, WI for Sale
$7,750,000 USD
Apartments - FOR SALE
1/34
null | Request Cap Rate

226 N Water St
Milwaukee, WI 53202
Historic Third Ward


HIGHLIGHTS

  • Large luxury residential units and rooftop amenities.
  • Long-term 1st floor retail user offering stable income.
  • Located in the thriving 3rd ward of Milwaukee.
  • Secure underground parking with 21 spaces and EV charging stations for modern convenience.

OVERVIEW

Introducing a prime investment opportunity in the heart of Milwaukee, Wisconsin. This prominent property, boasting a 39,450 SF building, features 12 meticulously designed residential units on floors 2 - 4 and a 7,000SF fully leased retail space on the 1st floor. A timeless structure built in 1914 and thoughtfully historically renovated in 2018. Zoned C9G and currently at full occupancy, this multifamily gem offers a compelling blend of historic charm and modern convenience. With its strategic location in the vibrant Milwaukee area, investors will appreciate the potential for long-term value and steady returns. Don't miss the chance to be part of this thriving market with a turnkey high-rise property offering a strong rental history and promising future prospects. PROPERTY HIGHLIGHTS Rooftop Terrace with pergola, seating area, grill, fire pit and dog area. 21 Underground Parking, with 2 electric charging stations. Each space $150/month Modern kitchen designs with granite tops, spacious island, staggered raised panel cabinetry, crown molding, tile backsplash, stainless steel appliances Uncovered cream city brick in living room with polished concrete floors, electric fireplace. Guest powder bath in each unit. Walk-in laundry room with full size washer/dryer and Wi-Fi thermostat Spacious bedroom suites with exposed ceilings, large windows, unique walk-in closets, private baths with dual sinks, large walk-in tile show and standalone tub

FOR SALE DETAILS

PRICE

$7,750,000 USD

PRICE/SF

$196 USD /SF

# OF UNITS

13

PRICE/UNIT

$596,154

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mitchell on Water

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2016

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,193 SF

ZONING

C9G

APN/PARCEL ID

392-0988-000-1

ASK ABOUT THIS PROPERTY

Alicia AlexanderEner-Con Companies, Inc.More Info
414-877-2200

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Alicia AlexanderEner-Con Companies, Inc.More Info
414-877-2200

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