6122 Florist Ave Milwaukee, WI 53218

This well-maintained, two-story apartment building located at 6122 W Florist Ave, Milwaukee, WI 53218, presents a compelling investment opportunity. The property boasts four spacious 2-bedroom, 1-bathroom units, each featuring an eat-in kitchen. Residents enjoy the convenience of off-street parking, individual storage lockers, and basement laundry hookups. Recent improvements include a remodeled unit (within the last two years), a new furnace (2023), and two new water heaters (2021 & 2022). The roof is less than 10 years old, minimizing immediate maintenance concerns. Currently operating at 100% occupancy, the property generates a Net Operating Income (NOI) of $20,346, representing a 6.56% capitalization rate. However, with all units currently rented below market value, a pro-forma NOI of $26,997 and an 8.71% pro-forma cap rate are achievable, showcasing significant upside potential. The 3,672 square foot building sits on a lot zoned RM1 and was constructed in 1961. This multifamily property offers a strong cash flow and significant potential for future appreciation, making it an ideal addition to any investment portfolio. The property consists of one building with four units.