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Mixed-Use

Grand Riverside Residences

227 N Water St, Milwaukee, WI 53202

Listing Price: $3,900,000

Cap Rate
7.00%
Occupancy
94.4%

Investment Overview

Grand Riverside Residences feature 21,160 GLA square feet of apartment homes and 5,589 square feet
of commercial suites, totaling 26,749 square feet. The property includes 4 one-bedroom, one-bathroom units at 1,018 square feet and 4 one-bedroom, two-bathroom units at 1,081 square feet.
Rental rates for one-bedroom units range between $1,750 per month and $1,900 per month.
Additionally, there are 4 two-bedroom, two-bathroom units at 1,557 square feet and 4 two-bedroom,
two-bathroom plus den units at 1,634 square feet. Rental rates for two-bedroom units range between
$2,400 per month and $2,600 per month. The property also features 2 ground-level commercial
suites: 225 North Water Street (2,753 square feet) and 229 North Water Street (2,836 square feet),
which generate $7,165 per month in commercial income.

Investment Highlights

  • In-unit amenities: open floor plans w/ wood-beamed ceilings, Cream City brick accent walls, bamboo flooring, granite countertops, in-unit washer & dryer, central air conditioning.
  • 4 1 bed, 1 bath units, 4 1 bed, 2 bath + den units, 4 2 bed, 2 bath units, and 4 2 bed, 2 bath + den units. Additionally, there are two ground-level commercial suites.
  • 7.00% CAP Rate

Exclusively Listed By

Mixed-Use

Grand Riverside Residences

Listing Price: $3,900,000

Cap Rate
7.00%
Occupancy
94.4%

Investment Highlights

  • In-unit amenities: open floor plans w/ wood-beamed ceilings, Cream City brick accent walls, bamboo flooring, granite countertops, in-unit washer & dryer, central air conditioning.
  • 4 1 bed, 1 bath units, 4 1 bed, 2 bath + den units, 4 2 bed, 2 bath units, and 4 2 bed, 2 bath + den units. Additionally, there are two ground-level commercial suites.
  • 7.00% CAP Rate

Investment Overview

Grand Riverside Residences feature 21,160 GLA square feet of apartment homes and 5,589 square feet of commercial suites, totaling 26,749 square feet. The property includes 4 one-bedroom, one-bathroom units at 1,018 square feet and 4 one-bedroom, two-bathroom units at 1,081 square feet. Rental rates for one-bedroom units range between $1,750 per month and $1,900 per month. Additionally, there are 4 two-bedroom, two-bathroom units at 1,557 square feet and 4 two-bedroom, two-bathroom plus den units at 1,634 square feet. Rental rates for two-bedroom units range between $2,400 per month and $2,600 per month. The property also features 2 ground-level commercial suites: 225 North Water Street (2,753 square feet) and 229 North Water Street (2,836 square feet), which generate $7,165 per month in commercial income.

Exclusively Listed By

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