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Multifamily

Marquette Multifamily Portfolio

2217 W Wells St, Milwaukee, WI 53233

Listing Price: $1,500,000

Cap Rate
6.78%
Number of Units
8
GRM
7.10
Occupancy
97.0%
Price/Unit
$187,500

Investment Overview

Marcus & Millichap is pleased to present a portfolio of Student Housing properties located on campus at Marquette University.

Comprised of Four Buildings, the Properties consists of Six Units totaling 23 Bedrooms within One City Block on W Wells Street. The Large Duplexes and Single Family Homes Offer Students Three, Four and Five-Bedroom Options in the Heart of Campus. Tenants Pay for All Utilities. New Roofs on all Buildings in 2018 with 40 Year Luxury Shingle. Washer and Dryers Provided in Each Building.

2108-2110 W Wells - "The Yellow Duck"
Built in 1885 on 0.08 Acres Improved with a 3,635 Square Foot Duplex. The First Floor Unit Consists of Three Bedrooms, One Bathroom and a Full Kitchen with Dishwasher. The Second Floor Unit Consists of Five Bedrooms, One Bathroom and Full Kitchen. New High Efficiency Furnace, Newer Water Heaters, and Sleeve A/C Units Provided. Six Parking Spots in Rear Provide New Ownership Additional Sources of Income.

2217 W Wells - "The Alamo"
Built in 1880 on 0.03 Acres Improved with a 1,452 Square Foot Duplex. The Building Consists of Three Bedrooms, Two Bathrooms and a Two Full Kitchens. Newer Siding, 2022 Furnace, 2015 Water Heater and Washer/Dryer.

2221 W Wells - "The Lodge"
Built in 1880 on 0.05 Acres Improved with a 1,734 Square Foot Single Family Residence. The Building Consists of Five Bedrooms, Two Bathrooms and Two Full Kitchens. 2023 High Efficiency Furnace and Water Heater, Brand New Wiring and Copper Pipe Throughout.

2227-2229 W Wells - "The Maxwell House"
Built in 1910 on 0.06 Acres Improved with a 2,256 Square Foot Duplex. The First Floor Consists of Three Bedrooms, One Bathroom and Full Kitchen. The Second Floor Consists of Four Bedrooms, One Bathroom and Full Kitchen. 2019 Furnaces and Water Heaters.

Investment Highlights

  • Day One Cash Flow with Below Market Rents
  • New Roofs in 2018 - 40 Year Luxury Shingle
  • Updated Utility Infrastrucutre Throughout Each Building

Exclusively Listed By

Multifamily

Marquette Multifamily Portfolio

Listing Price: $1,500,000

Cap Rate
6.78%
Number of Units
8
GRM
7.10
Occupancy
97.0%
Price/Unit
$187,500

Investment Highlights

  • Day One Cash Flow with Below Market Rents
  • New Roofs in 2018 - 40 Year Luxury Shingle
  • Updated Utility Infrastrucutre Throughout Each Building

Investment Overview

Marcus & Millichap is pleased to present a portfolio of Student Housing properties located on campus at Marquette University. Comprised of Four Buildings, the Properties consists of Six Units totaling 23 Bedrooms within One City Block on W Wells Street. The Large Duplexes and Single Family Homes Offer Students Three, Four and Five-Bedroom Options in the Heart of Campus. Tenants Pay for All Utilities. New Roofs on all Buildings in 2018 with 40 Year Luxury Shingle. Washer and Dryers Provided in Each Building. 2108-2110 W Wells - "The Yellow Duck" Built in 1885 on 0.08 Acres Improved with a 3,635 Square Foot Duplex. The First Floor Unit Consists of Three Bedrooms, One Bathroom and a Full Kitchen with Dishwasher. The Second Floor Unit Consists of Five Bedrooms, One Bathroom and Full Kitchen. New High Efficiency Furnace, Newer Water Heaters, and Sleeve A/C Units Provided. Six Parking Spots in Rear Provide New Ownership Additional Sources of Income. 2217 W Wells - "The Alamo" Built in 1880 on 0.03 Acres Improved with a 1,452 Square Foot Duplex. The Building Consists of Three Bedrooms, Two Bathrooms and a Two Full Kitchens. Newer Siding, 2022 Furnace, 2015 Water Heater and Washer/Dryer. 2221 W Wells - "The Lodge" Built in 1880 on 0.05 Acres Improved with a 1,734 Square Foot Single Family Residence. The Building Consists of Five Bedrooms, Two Bathrooms and Two Full Kitchens. 2023 High Efficiency Furnace and Water Heater, Brand New Wiring and Copper Pipe Throughout. 2227-2229 W Wells - "The Maxwell House" Built in 1910 on 0.06 Acres Improved with a 2,256 Square Foot Duplex. The First Floor Consists of Three Bedrooms, One Bathroom and Full Kitchen. The Second Floor Consists of Four Bedrooms, One Bathroom and Full Kitchen. 2019 Furnaces and Water Heaters.

Exclusively Listed By

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