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    • Listing Provided By Compass RE Wi-Northshore
    DESCRIPTION

    47 near-identical condo units between 3 buildings. The majority of units have been updated within the last 3 years with LVP, updated counters, cabinets, bathroom fixtures and a modern/durable paint scheme. The exterior was painted 4 yrs ago. The buildings are fully leased with over 1/3rd of tenants paying above $825/mo and over 1/4th of tenants paying all utilities. There is ample parking and a 4 car garage. Storage units and coin-operated laundry in basement. This is a unique opportunity to rent multiple condo units as an efficient multi-family (as it has been done for years) or execute a lease-to-own operation at sale and in one location. The property has been stabilized over the past few years and this is a turn-key operation with equity and cash-flow upside.

    KEY DETAILS
    • Price:
    • $3,570,000
    • Bedrooms:
    • 2
    • Square Footage:
    • n/a
    • Acreage:
    • 2.64
    • Year Built:
    • 1978
    • MLS #:
    • 1794857
    • Street Address:
    • 9040 N 85th St 9050, 9060
    • City:
    • Milwaukee
    • State:
    • WI
    • Postal Code:
    • 53224
    • County:
    • Milwaukee
    • Listing Status:
    • For Sale - Active-With Offer

    Building

    • Basement Description:
    • Block, Full, Laundry Facilities
    • Dwelling Type:
    • Apartment Building, Association
    • Exterior Description:
    • Part-Masonite/Presbd, Partial-Brick
    • Stories:
    • 1-2 Stories
    • Unit 1 - Square Footage Available:
    • 751-1000
    • Unit1 Features:
    • 1 Bath, 2 Bedrooms, Air Conditioning, Balcony/Patio, Cable Tv Available, Dining Room, Dishwasher, Disposal, Living Room, Range/Oven, Refrigerator, Storage Lockers
    • Year Built:
    • 1978

    Land

    • Conforms To Zoning:
    • Rm1

    Listing

    • Contingency Type:
    • With Offer

    Money

    • Property Taxes:
    • $50,774
    • Tax Year:
    • 2021

    Structures

    • Parking Description:
    • Outdoor Space

    Systems

    • Heating And Air:
    • Central Air, Forced Air, Indiv. Heating Units, Natural Gas

    Source

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    SCHOOL DISTRICT: MILWAUKEE

    NOTES

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