4040 S Kinnickinnic Ave - Apartments FOR SALE


Saint Francis, WI 53235
$2,100,000 USD
414-731-8399
4040 S Kinnickinnic Ave, Saint Francis, WI for Sale
$2,100,000 USD
Apartments - FOR SALE
1/4
null | 6.62% Cap Rate

4040 S Kinnickinnic Ave
Saint Francis, WI 53235


OVERVIEW

Marcus and Millichap is pleased to present 4040 South Kinnickinnic Avenue in the City of Saint Francis, Milwaukee County, Wisconsin. The property comprises a 0.675-acre parcel improved with a 20-unit apartment building. It was constructed in 1960 and contains 11,136 S.F. (per assessor's records). It has a brick exterior with vinyl accenting and pitched roof with dimensional shingle covering (replaced in 2018 per owner). The building features aluminum fascia, soffits, gutters, and downspouts. The windows are newer, slide-by combination units. The apartment comprises all 1-bedroom/1-bath units. A refrigerator and stove are provided to each unit. The building has a full basement with mechanical room and chicken wire storage lockers. The mechanical room houses two gas-fired boilers (replaced in 2018) and 80 gallon gasfired water heater. The owner is responsible for gas (heat and hot water), common area electric, and the water/sewer expense. The tenants pay for their own electric. There are 22 striped parking spaces on asphalt paving. The property is walking distance to the city of Milwaukee's desirable Bay View Neighborhood.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$174 USD /SF

# OF UNITS

20

PRICE/UNIT

$105,000

CAP RATE

6.62%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,394 SF

ZONING

-

APN/PARCEL ID

584-0030-000

ASK ABOUT THIS PROPERTY

Blake HanlonMarcus & MillichapMore Info
414-731-8399

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Blake HanlonMarcus & MillichapMore Info
414-731-8399

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