2820 Kilbourn AveMilwaukee, WI 53233

This exceptional 36-unit apartment building located at 2820 W Kilbourn Ave, Milwaukee, WI 53233, presents a compelling investment opportunity. Priced at $1,900,000, this 23,535 square-foot brick building, constructed in 1962, offers a strong current net operating income (NOI) of $159,826, translating to an 8.41% cap rate. The property's unit mix comprises 30 one-bedroom units (83.3%) and 6 studio units (16.7%). Currently, the average rent per unit stands at $665, significantly below the market potential of $759, indicating substantial upside for rental income. Projections show a potential NOI increase to $182,746, further enhancing the investment's attractiveness. This multifamily property in Milwaukee County offers a blend of stable income and significant growth potential, making it an ideal addition to any investment portfolio. The property's location in Milwaukee provides access to a thriving urban environment and a robust rental market. This is a rare opportunity to acquire a well-situated multifamily asset with immediate income and significant long-term appreciation potential. The building's solid construction and established tenancy base contribute to its overall stability and appeal. This is a turnkey investment ready for immediate returns and future growth.