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Multifamily

825 Lakeview Avenue

825 Lakeview Avenue, South Milwaukee, WI 53172

Listing Price: $330,000

Cap Rate
5.08%
Number of Units
4
Occupancy
100.0%
Price/Unit
$82,500
Price/Gross SF
$97.06
Gross SF
3,400

Investment Overview

Marcus & Millichap is pleased to present 825 Lakeview in the City of South Milwaukee (Milwaukee County), Wisconsin. The property comprises a .20-acre parcel which is improved with a 4-unit apartment building. The building was constructed in 1957 and contains 3,400 S.F. (per assessor's records). The apartment comprises all 2-bedroom, 1 bath units. A refrigerator and gas stove are included in each unit. The dimensional shingle roof covering is newer (tear-off in 2013 per owner). The windows are original. The furnaces and central air compressors were all replaced in 2020 (according to the owner). The owner is responsible for common area electric along with water and sewer. The tenants pay for their own electric and gas. The basement has laundry connections (although there are not any coin-operated washers or dryers). The property is located in a quiet neighborhood. It is a few minutes from Lake Michigan and Grant Park. It is approximately 5 miles from a full interchange with Interstate 94.

Investment Highlights

  • Desirable Residential Neighborhood
  • All Brick Exterior
  • Newer Dimensional Shingle Roof Covering (Tear-Off in 2013 Per Owner)
  • Newer Furnaces and Central Air Compressors

Exclusively Listed By

Listing Price: $330,000

Cap Rate
5.08%
Number of Units
4
Occupancy
100.0%
Price/Unit
$82,500
Price/Gross SF
$97.06
Gross SF
3,400

Investment Highlights

  • Desirable Residential Neighborhood
  • All Brick Exterior
  • Newer Dimensional Shingle Roof Covering (Tear-Off in 2013 Per Owner)
  • Newer Furnaces and Central Air Compressors

Investment Overview

Marcus & Millichap is pleased to present 825 Lakeview in the City of South Milwaukee (Milwaukee County), Wisconsin. The property comprises a .20-acre parcel which is improved with a 4-unit apartment building. The building was constructed in 1957 and contains 3,400 S.F. (per assessor's records). The apartment comprises all 2-bedroom, 1 bath units. A refrigerator and gas stove are included in each unit. The dimensional shingle roof covering is newer (tear-off in 2013 per owner). The windows are original. The furnaces and central air compressors were all replaced in 2020 (according to the owner). The owner is responsible for common area electric along with water and sewer. The tenants pay for their own electric and gas. The basement has laundry connections (although there are not any coin-operated washers or dryers). The property is located in a quiet neighborhood. It is a few minutes from Lake Michigan and Grant Park. It is approximately 5 miles from a full interchange with Interstate 94.

Exclusively Listed By

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