Multifamily

1925 North Prospect

1925 N Prospect Ave, Milwaukee, WI 53202

Listing Price: $1,800,000

Cap Rate
5.57%
Number of Units
27
GRM
9.21
Occupancy
95.0%
Price/Unit
$66,667
Price/Gross SF
$90.56
Gross SF
19,876

Investment Overview

Marcus & Millichap is pleased to present 1925-1927 North Prospect Avenue in Milwaukee, Wisconsin.

1925-1927 North Prospect was constructed in 1916 and is home to nine standard apartment units and a 18-room women's only rooming house. The women's only rooming house consists of three floors with six rooms each. Each floor has a shared bathroom and kitchen with rooms starting at $400/month and ranging up to $475/month. The landlord pays all utilities for the rooming house portion of the building. Nine standard apartment units are located on the west side of the building with a mix of studio to two bedroom units.

Investment Highlights

  • Excellent Prospect Avenue location
  • Unique Building with mix of standard apartments and Women's only rooming house
  • Coin-Op laundry (owned)

Exclusively Listed By

Listing Price: $1,800,000

Cap Rate
5.57%
Number of Units
27
GRM
9.21
Occupancy
95.0%
Price/Unit
$66,667
Price/Gross SF
$90.56
Gross SF
19,876

Investment Highlights

  • Excellent Prospect Avenue location
  • Unique Building with mix of standard apartments and Women's only rooming house
  • Coin-Op laundry (owned)

Investment Overview

Marcus & Millichap is pleased to present 1925-1927 North Prospect Avenue in Milwaukee, Wisconsin.

1925-1927 North Prospect was constructed in 1916 and is home to nine standard apartment units and a 18-room women's only rooming house. The women's only rooming house consists of three floors with six rooms each. Each floor has a shared bathroom and kitchen with rooms starting at $400/month and ranging up to $475/month. The landlord pays all utilities for the rooming house portion of the building. Nine standard apartment units are located on the west side of the building with a mix of studio to two bedroom units.

Exclusively Listed By

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