2301 Michigan St Milwaukee, WI 53233

This exceptional multifamily investment opportunity encompasses a three-lot assemblage in Milwaukee's Near West Side, a highly desirable neighborhood. The property consists of 65 units spread across three buildings: two 30-unit buildings featuring one-bedroom apartments, and a charming five-unit vintage home. Located a convenient seven-minute walk from Marquette University's campus, this property benefits from strong rental demand fueled by the university's large student population. The total square footage is 45,346, with an asking price of $3,600,000, resulting in a price per square foot of $79.39. The current cap rate stands at a solid 8.00%, with a pro-forma cap rate projected at 9.06%, indicating significant potential for increased profitability. The property also includes approximately 24 parking spaces situated between two of the buildings, a valuable amenity in this location. The addresses included in this offering are 2301 W Michigan St (5 units), 2319 W Michigan St (30 units), and 2327 W Michigan St (30 units), all located in Milwaukee, Wisconsin, zip code 53233. Built in 1926, this property presents a unique blend of history and potential, offering a compelling investment opportunity for discerning buyers seeking strong returns in a thriving urban market. The property's proximity to Marquette University ensures consistent occupancy and a stable income stream.