For Sale
$1,075,000

1200 Lincoln AveMilwaukee, WI 53215

14-Unit Apartment Building, Milwaukee

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a stabilized, Class B multifamily property located at 1200-1208 W Lincoln Avenue in Milwaukee, Wisconsin, 53215. The three-story building, constructed in 1930, boasts 14 units: 11 spacious residential apartments and three commercial spaces currently occupied by long-term tenants (Metro by T-Mobile, a staffing agency, and a flower shop). The property enjoys 100% occupancy, offering immediate cash flow. Each unit commands a price of $76,785.71, contributing to the attractive asking price of $1,075,000. The building features 12 parking spaces located behind the structure for added convenience. Its prime location in Lincoln Village offers proximity to Kosciuszko Park and the Basilica of Saint Josaphat, enhancing its appeal and potential for future growth. This mixed-use property represents a compelling investment opportunity in a desirable Milwaukee neighborhood. The property's strong tenant base and established income stream make it an ideal addition to any portfolio.

Highlights

  • Eleven residential apartments and three commercial spaces with long-term leases (Metro by T-Mobile, staffing firm, florist).
  • Excellent Lincoln Village location, near Kosciuszko Park and Basilica of Saint Josaphat.
  • Property features 11 large residential units, 3 commercial units, and 12 off-street parking spaces.

Property Details for 1200 Lincoln Ave

Property type
Apartment buildings
Class
B
Year Built
1930
Buildings
1
Stories
3
Units
14

Location Insight

City
Milwaukee
County
Milwaukee
State
Wisconsin
Latitude
43.00287645
Longitude
-87.9275165
1200 Lincoln Ave, Milwaukee, Wisconsin

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1200 Lincoln Ave
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