919 Minnesota Ave - Apartments FOR SALE


South Milwaukee, WI 53172
$1,349,900 USD
414-305-8463
919 Minnesota Ave, South Milwaukee, WI for Sale
$1,349,900 USD
Apartments - FOR SALE
1/45
null | 7.98% Cap Rate

919 Minnesota Ave
South Milwaukee, WI 53172


HIGHLIGHTS

  • 15-unit multifamily package (11-unit + 4-unit adjacent buildings) with mix of 2BR, 1BR & studio units
  • Strong cash flow with proven rental history
  • New roofs on both buildings
  • Recent unit updates throughout, with value-add opportunity through rent growth
  • 13 parking spaces + detached 2-car garage
  • Healthy mix of long-term and newer leases

OVERVIEW

Milwaukee County investment opportunity featuring two adjacent multifamily buildings being sold together as one package. Total of 15 rental units consisting of 2-bed, 1-bed, and studio units. One building offers 11 units and other building offers 4 units: . Includes 13 surface parking spaces plus 2-car detached garage. Recent capital improvements include new roofs on both buildings, select new siding, and numerous unit updates completed over the past several years, helping minimize future maintenance costs. Strong rental history, a healthy mix of long-term tenants and newer leases, consistent cash flow, and significant upside through continued rent growth. This is an outstanding opportunity for investors seeking both stability and value-add potential.

FOR SALE DETAILS

PRICE

$1,349,900 USD

PRICE/SF

$175 USD /SF

# OF UNITS

15

PRICE/UNIT

$89,993

CAP RATE

7.98%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,200 SF

ZONING

R-B

APN/PARCEL ID

771-0169-000

ASK ABOUT THIS PROPERTY

Carsten SchwabWelcome Home Real Estate GroupMore Info
414-305-8463

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Carsten SchwabWelcome Home Real Estate GroupMore Info
414-305-8463

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