Investment Overview

Marcus & Millichap is pleased to present The Maryland Court Apartments in the City of Milwaukee. This apartment complex comprises two buildings which are blocks from the Marquette University Campus. Their addresses are 2029 West Wisconsin Avenue and 2041 West Wisconsin Avenue. The complex contains a combined 0.65 acre parcel improved with a 39-unit apartment complex. The buildings were constructed in 1911 and contain a combined 46,746 square feet (per assessor's records). Each building has a brick exterior and flat roof with rubber membrane covering (approximately 10 years ago per owner). The windows including trim) were also replaced about 10 years ago (per owner). One boiler was replaced in 2022, while another one is approximately 10 year old. The apartment complex contains (11) 2-bedroom/1-bath units and (28) 3-bedroom/1-bath units. A refrigerator and stove are provided (dishwashers in remodeled units). The units are heated with gas-fired central boilers (via radiators). One building has basement laundry with 4 coin-operated washing machines and 4 coin-operated dryers. The owner is responsible for common area electric, common area gas (heat), water and sewer. Each tenant pays for their own electric and cooking gas. There is a 13 car detached garage. Marcus & Millichap is pleased to present The Patrician Apartments in the City of Milwaukee. This apartment complex comprises two contiguous properties which are blocks from the Marquette University Campus. Their addresses are 2101 West Wisconsin Avenue and 2111-2115 West Wisconsin Avenue. The complex contains a combined 0.63 acre parcel improved with a 40-unit apartment complex. The buildings were constructed in 1918 and contain a combined 39,023 square feet (per assessor's records). Each building has a brick exterior and flat roof with rubber membrane covering (approximately 10 years ago per owner). The windows and trim were replaced approximately 10 years ago (per owner). The apartment complex contains (11) studio units, (13) 1-bedroom/1-bath units, (13) 2-bedroom/1-bath units, (1) 3-bedroom/1-bath unit, and (2) 4-bedroom/1-bath units. A refrigerator and stove are provided. The units are all heated with boilers via radiators (the 2101 Building is a hot water system and the 2111-2115 Building is a steam system). The boilers were replaced approximately 10 years ago (per owner). The 2101 Building has basement laundry with 2 coin-operated washing machines and 3 coin-operated dryers. The owner is responsible for common area electric, common area gas (heat), water and sewer. Each tenant pays for their own electric.