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Multifamily

5836 and 5900 W. Wells Street

5900 W Wells St, Wauwatosa, WI 53213

Listing Price: $1,225,000

Cap Rate
8.18%
Number of Units
8
GRM
8.80
Occupancy
97.0%
Price/Unit
$153,125
Price/Gross SF
$154.44
Gross SF
7,932

Investment Overview

Marcus & Millichap is pleased to present 5836 West Wells Street and 5900 West Wells Street in the City of Wauwatosa, Milwaukee County, Wisconsin. The 5836 West Wells Street property comprises a 0.207 acre parcel improved with a 4-unit apartment building. It was constructed in 1926 and contains 3,900 square feet (per assessor's records). The 5900 West Wells Street property comprises a 0.207 acre parcel improved with a 4-unit apartment building. It was also built in 1926 and contains 4,032 square feet (according to the assessor's records).

Each building has a brick exterior and flat roof with rubber membrane covering (according to the owner). Both apartments comprise all 2-bedroom/1-bath units. The majority of kitchens and bathrooms have been remodeled. A refrigerator and stove are included with each unit. Seven of the eight units have a dishwasher. The hardwood floors have been refinished.

Each basement houses a laundry area with two washers and two dryers (all owned). The laundry is currently free to tenants. However, each tenant pays $35 per month for the water expense. Each basement houses four gas-fired furnaces and four gas-fired water heaters. Each unit features central air conditioning.

The tenants pay for their own electric and gas (heat and hot water) along with the flat monthly water payment. The owner is responsible for the water and sewer expense.

There are 18 tandem parking spaces off a rear alley.

Investment Highlights

  • Desirable Central Location
  • Brick Exteriors
  • Majority of Kitchens and Bathrooms have been Remodeled
  • Individual Furnaces, Central Air Conditioners, and Water Heaters

Exclusively Listed By

Multifamily

5836 and 5900 W. Wells Street

Listing Price: $1,225,000

Cap Rate
8.18%
Number of Units
8
GRM
8.80
Occupancy
97.0%
Price/Unit
$153,125
Price/Gross SF
$154.44
Gross SF
7,932

Investment Highlights

  • Desirable Central Location
  • Brick Exteriors
  • Majority of Kitchens and Bathrooms have been Remodeled
  • Individual Furnaces, Central Air Conditioners, and Water Heaters

Investment Overview

Marcus & Millichap is pleased to present 5836 West Wells Street and 5900 West Wells Street in the City of Wauwatosa, Milwaukee County, Wisconsin. The 5836 West Wells Street property comprises a 0.207 acre parcel improved with a 4-unit apartment building. It was constructed in 1926 and contains 3,900 square feet (per assessor's records). The 5900 West Wells Street property comprises a 0.207 acre parcel improved with a 4-unit apartment building. It was also built in 1926 and contains 4,032 square feet (according to the assessor's records). Each building has a brick exterior and flat roof with rubber membrane covering (according to the owner). Both apartments comprise all 2-bedroom/1-bath units. The majority of kitchens and bathrooms have been remodeled. A refrigerator and stove are included with each unit. Seven of the eight units have a dishwasher. The hardwood floors have been refinished. Each basement houses a laundry area with two washers and two dryers (all owned). The laundry is currently free to tenants. However, each tenant pays $35 per month for the water expense. Each basement houses four gas-fired furnaces and four gas-fired water heaters. Each unit features central air conditioning. The tenants pay for their own electric and gas (heat and hot water) along with the flat monthly water payment. The owner is responsible for the water and sewer expense. There are 18 tandem parking spaces off a rear alley.

Exclusively Listed By

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