2218-2222 W State st - Apartments FOR SALE


Milwaukee, WI 53233
$397,500 USD
262-384-4552
2218-2222 W State st, Milwaukee, WI for Sale
$397,500 USD
Apartments - FOR SALE
1/29
null | 7.02% Cap Rate

2218-2222 W State st
Milwaukee, WI 53233


OVERVIEW

Brick 4 family in a great spot adjacent to Marquette Blue Light District. All units are 2 bed/1 bath. 2 are more recently refinished and 2 are older work but in good shape. Building is meticulously cared for with no substantial deferred maintenance and is very clean in & out. Rents have room to grow immediately with no capital investment. 4 separate boilers & water heaters, separately metered gas & elec with individual panels (breakers) for each unit with storage units in the basement. Large 2 car garage plus workshop and a steel outbuilding in addition to 5 surface parking spaces. Low maintenance property inside & outside with masonry, no grass and very minimal common areas. Newer TPO roof. Just plug in and roll with this one! This is Dan Mickelsen's listing. Call/text/email Dan at 808-457-8433 or daniel.mickelsen@remax.net

FOR SALE DETAILS

PRICE

$397,500 USD

PRICE/SF

$99 USD /SF

# OF UNITS

4

PRICE/UNIT

$99,375

CAP RATE

7.02%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1913

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,610 SF

ZONING

RT4

APN/PARCEL ID

389-1113-000-6

ASK ABOUT THIS PROPERTY

Alex SegalRe/Max Service First - Segal / Goldman GroupMore Info
262-384-4552

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Alex SegalRe/Max Service First - Segal / Goldman GroupMore Info
262-384-4552

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