2725 Highland Blvd Milwaukee, WI 53208

This exceptional 85-unit apartment building, Highland Court, presents a compelling investment opportunity. Situated on a 0.82-acre lot in Milwaukee, Wisconsin (APN 3881526110), this four-story, 96,075 square foot building boasts a strong pro-forma NOI of $492,316.78. Built in 1968 and zoned RM7, the property features a mix of one- and two-bedroom units, with 64 parking spaces in a secure garage. Amenities include laundry facilities on each floor, vending machines, and 18 private patios/decks with access to an interior courtyard. The building benefits from newer mechanicals, including a 6-year-old EDPM rubber roof and two recently replaced Munchkin boilers (approximately 2 years old). High-efficiency 220V AC units are installed in each apartment, and LED lighting has been implemented throughout the garage and partially in common areas. An elevator upgrade with a new door closure mechanism is scheduled for August 2024. Security features include key fob access and 14 video security cameras. The property includes on-site storage for building operations and maintenance equipment. Most stoves and refrigerators have been recently replaced. Utilities are a mix of tenant-paid electric and landlord-paid gas, sewer, water, and trash. The property is conveniently located near Marquette University, downtown Milwaukee, and I-94, offering easy access to the entire metro area. Offered without an asking price.