944 N 20th St - Apartments FOR SALE


Milwaukee, WI 53233- Avenues West
$2,080,000 USD
414-788-0449
944 N 20th St, Milwaukee, WI for Sale
$2,080,000 USD
Apartments - FOR SALE
1/24
null | 6.59% Cap Rate

944 N 20th St
Milwaukee, WI 53233
Avenues West


OVERVIEW

26 units, very nicely updated, completely occupied in the BLUE LIGHT DISTRICT of Marquette University. 2 adjacent buildings professionally managed and maintained. 944 is 18 studios fully remodeled to a high finish-level including new windows & individual heating/cooling units and on-site coin laundry. 950 is 8 units, 4 1-beds and and 4 studios, units are generously-sized. Each unit has been substantially-updated and the building is serviced by a central boiler system. Great candidate for Grad-Student housing. Rents are a bit low and the fix is simple - As with most Milwaukee submarkets, leases expire in spring/summer months, however MU prime leasing activity occurs in September. Both properties must be purchased as a package. Parking is limited. Contact Dan Mickelsen with questions at 808-457-8433 (cell)

FOR SALE DETAILS

PRICE

$2,080,000 USD

PRICE/SF

$297 USD /SF

# OF UNITS

26

PRICE/UNIT

$80,000

CAP RATE

6.59%

% 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

1961

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

RM6

APN/PARCEL ID

363-2592-000,363-2617-000

ASK ABOUT THIS PROPERTY

Graig GoldmanRe/Max Service First - Segal / Goldman GroupMore Info
414-788-0449

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Graig GoldmanRe/Max Service First - Segal / Goldman GroupMore Info
414-788-0449

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