2820 W Kilbourn Ave - Apartments FOR SALE


Milwaukee, WI 53208
$1,900,000 USD
773-293-5067
2820 W Kilbourn Ave, Milwaukee, WI for Sale
$1,900,000 USD
Apartments - FOR SALE
1/7
null | 8.41% Cap Rate

2820 W Kilbourn Ave
Milwaukee, WI 53208


HIGHLIGHTS

  • Value-add in NOI increase
  • Thirty (30) one-bedroom units
  • Six (6) studio units
  • Strong historical occupancy

OVERVIEW

Kiser Group is pleased to bring to market 2820 W Kilbourn Ave, Milwaukee, WI, is a brick 36-unit multifamily investment opportunity priced at $1,900,000. Built in 1962, this 23,535 square-foot building offers a current cap rate of 8.41% and generates a net operating income (NOI) of $159,826, with projections to increase to $182,746. The property features a mix of 30 one-bedroom units (83.3%) and 6 studio units (16.7%), with an average rent of $665 per unit, below the market potential of $759.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$81 USD /SF

# OF UNITS

36

PRICE/UNIT

$52,778

CAP RATE

8.41%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1962

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

19,959 SF

ZONING

RM6

APN/PARCEL ID

388-2101-100

ASK ABOUT THIS PROPERTY

Luis RoblesKiser GroupMore Info
773-293-5067

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Luis RoblesKiser GroupMore Info
773-293-5067

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