5262 Teutonia AveMilwaukee, WI 53209

This exceptional 4-unit apartment building, located at 5262 N Teutonia Ave, Milwaukee, WI 53209, presents a compelling investment opportunity. Built in 1955, this two-story building sits on a lot zoned RM5 and offers a current NOI of $14,868, translating to a 5.61% cap rate. However, with a pro-forma NOI of $25,761, the potential cap rate jumps to an impressive 9.72%. The property currently boasts 75% occupancy, with three occupied and one vacant unit. Each unit features two bedrooms and one bathroom. Significant value-add potential exists through increasing occupancy to 100%. The building includes a four-car garage, providing ample parking for residents. Additional amenities include basement storage lockers and laundry hookups. Recent improvements include the updating of one unit and the replacement of three of the four water heaters within the last few years. This property is being sold as-is. The asking price is $265,000. This is a rare chance to acquire a multifamily property in a desirable Milwaukee location with substantial upside potential. Don't miss this chance to add a strong performer to your portfolio.