Rooming House Portfolio FOR SALE


Milwaukee, WI - Forest Home Hills
$1,050,000 USD
773-293-5067
, Milwaukee, WI for Sale
$1,050,000 USD
FOR SALE
1/1
null | 11.08% Cap Rate

Rooming House Portfolio
Milwaukee, WI
Forest Home Hills


HIGHLIGHTS

  • Onsite manager at each building
  • Ability to increase revenue by 15% (or $45,800)
  • Priced below current tax-assessment
  • Currently 93% occupied (3 vacant units)

OVERVIEW

Kiser Group is pleased to present the opportunity to acquire a four-building, 44-room and 1commercial unit portfolio on Milwaukee's south side, priced at $1,050,000 ($23.3K/room). The portfolio is offered at an 11.08% cap rate on current performance, with the ability to increase top-line revenue by 15%, or approximately $45,800, based on proven in-place rents. Each building has an onsite manager and the offering is also priced below its current tax assessment, reducing the risk of a property tax increase upon purchase.

ASK ABOUT THIS PROPERTY

Luis RoblesKiser GroupMore Info
773-293-5067

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

Luis RoblesKiser GroupMore Info
773-293-5067

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