3575 N Oakland Ave - Apartments FOR SALE


Shorewood, WI 53211- Shorewood/Whitefish Bay
$6,750,000 USD
414-405-7128
3575 N Oakland Ave, Shorewood, WI for Sale
$6,750,000 USD
Apartments - FOR SALE
1/11
null | 6.79% Cap Rate

3575 N Oakland Ave
Shorewood, WI 53211
Shorewood/Whitefish Bay


OVERVIEW

Built in in 1962 and renovated in 2009 & 2019, The Sheridan is a five story, 44 unit apartment building featuring retail spaces on the ground floor. The residential component includes 43 two-bedroom units and one one-bedroom unit. Of the two-bedroom units, 20 have one bath, 19 have one-and-a-half baths, and four have two baths. The ground-floor retail spans 7,344 SF is leased to: McCade Insurance Agency, Exercise Coach and Beu Face & Body Lounge. The building has one elevator that serves all five levels and the lower level, which includes laundry, storage lockers, and parking access. The property offers 57 off-street parking spaces. Just south of Oakland Ave & Capitol Dr. with close proximity to UW Milwaukee Campus. Walking distance to restaurants, shops, entertainment, and more. Only minutes from the I-43 interchange.

FOR SALE DETAILS

PRICE

$6,750,000 USD

PRICE/SF

$130 USD /SF

# OF UNITS

44

PRICE/UNIT

$153,409

CAP RATE

6.79%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oakland Avenue Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1962

PARKING SPACES

57

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

B-1 Commercial

APN/PARCEL ID

275-1181-000

ASK ABOUT THIS PROPERTY

Lorna MuellerThe Realty CompanyMore Info
414-405-7128

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Lorna MuellerThe Realty CompanyMore Info
414-405-7128

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