For Sale
$1,750,000

1410 72Nd StWest Allis, WI 53214

High-yield, 10-unit apartment building with retail.

Overview

Added:
Dec 11, 2024
Days on market:
116
Exceptional investment opportunity in West Allis, Wisconsin, presents a mixed-use property ideally situated at 1410 S 72nd St, 53214. This Class B building boasts a compelling 8.54% cap rate, generating a strong net operating income (NOI) of $149,384. The property encompasses 12,888 square feet and features ten residential units – eight studios, one one-bedroom, and one two-bedroom apartment – along with four commercial spaces, totaling 12,672 square feet. Five basement storage units provide additional income streams. Recent upgrades include a new roof (July 2024), new carpet and paint in the second-floor common areas, and energy-efficient windows in all second-floor apartments. Exterior painting (east and south walls) was completed in August 2024. The property benefits from its location within the West Allis BID District, providing access to numerous community events and its proximity to public transportation, shopping, and dining. Ample parking is available in nearby city-owned lots. The property is zoned C-2, offering flexibility for future development. Currently operating at 100% occupancy, this turnkey investment presents a rare opportunity for immediate cash flow and long-term appreciation. The asking price is $1,750,000.

Highlights

  • $1,750,000 asking price.
  • Multifamily and retail property in a Class B building.
  • 12,888 square feet, with 10 units (8 studios, 1 one-bedroom, 1 two-bedroom) and 4 commercial spaces.
  • 8.54% cap rate and $149,384 NOI.
  • 100% occupancy.
  • Located at 1410 S 72nd St, West Allis, WI 53214, zoned C-2.

Property Details for 1410 72Nd St

Property type
Retail properties, Apartment buildings
Square Feet
12,888 SF
Class
B
Buildings
1
Stories
2
Units
10

Location Insight

City
West Allis
County
Milwaukee
State
Wisconsin
Latitude
43.016693774269
Longitude
-88.00241029644
1410 72Nd St, West Allis, Wisconsin

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1410 72Nd St
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