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Multifamily

5424 W Burnham Street

5424 W Burnham Street, West Milwaukee, WI 53219

Listing Price: $410,000

Cap Rate
7.22%
Number of Units
6
Occupancy
97.0%
Price/Unit
$68,333
Price/Gross SF
$106.77
Gross SF
3,840

Investment Overview

Marcus and Millichap is pleased to present 5424 W. Burnham Street in the Village of West Milwaukee, Milwaukee County, Wisconsin. The property comprises a 0.11-acre parcel improved with a 6-unit apartment building. It was constructed in 1928 and contains 3,840 square feet (per assessor's records). It has a brick exterior and flat roof with rubber membrane covering (reported at approximately 10 years of age). The apartment building consists of all 1 bedroom/1 bath units. A refrigerator and stove are provided. There are two coin-operated washing machines and one coin-operated dryer in the basement. There is a 3 car detached garage off an alley. A few units have been updated, while the remaining units have long-term tenants. The majority of windows are newer. The electric services have been updated. The tenants are responsible for their own electric and cooking gas. The owner pays for the common area electric, gas (heat and hot water), and water/sewer.

Investment Highlights

  • Low Maintenance Exterior (Brick)
  • Rubber Membrane Roof Covering (Approximately 10 Years)
  • Coin-Op Laundry
  • 3 Car Detached Garage

Exclusively Listed By

Financing By

Multifamily

5424 W Burnham Street

Listing Price: $410,000

Cap Rate
7.22%
Number of Units
6
Occupancy
97.0%
Price/Unit
$68,333
Price/Gross SF
$106.77
Gross SF
3,840

Investment Highlights

  • Low Maintenance Exterior (Brick)
  • Rubber Membrane Roof Covering (Approximately 10 Years)
  • Coin-Op Laundry
  • 3 Car Detached Garage

Investment Overview

Marcus and Millichap is pleased to present 5424 W. Burnham Street in the Village of West Milwaukee, Milwaukee County, Wisconsin. The property comprises a 0.11-acre parcel improved with a 6-unit apartment building. It was constructed in 1928 and contains 3,840 square feet (per assessor's records). It has a brick exterior and flat roof with rubber membrane covering (reported at approximately 10 years of age). The apartment building consists of all 1 bedroom/1 bath units. A refrigerator and stove are provided. There are two coin-operated washing machines and one coin-operated dryer in the basement. There is a 3 car detached garage off an alley. A few units have been updated, while the remaining units have long-term tenants. The majority of windows are newer. The electric services have been updated. The tenants are responsible for their own electric and cooking gas. The owner pays for the common area electric, gas (heat and hot water), and water/sewer.

Exclusively Listed By

Financing By

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