2164 36Th StMilwaukee, WI 53208

Property Details for 2164 36Th St

Year built

2004

Property size (Sq ft)

6,708 SF

Property type

Residential income homes

Description

This exceptional investment opportunity consists of a five-unit, multifamily portfolio located in Milwaukee, Wisconsin. The portfolio comprises five single-family rental properties, each boasting approximately 1,342 square feet (totaling 6,708 square feet). Built in 2004, these Class C properties offer a blend of modern design and functionality, ensuring high tenant appeal and minimizing maintenance needs. The portfolio is currently generating a net operating income (NOI) of $73,600, resulting in a 9.95% capitalization rate. The asking price is $740,000. Each unit features either three bedrooms and one bathroom or three bedrooms and two bathrooms. The properties are situated in desirable locations within Milwaukee County, specifically within the RT4 zoning district. The portfolio's strong financial performance, coupled with its prime location and modern construction, presents a compelling investment opportunity for those seeking immediate cash flow and long-term appreciation. The portfolio's five buildings are two stories each, and the properties are situated on five separate parcels of land, with the APN for one property being 3481129000. This stabilized investment offers a turnkey solution for investors seeking a diversified and profitable real estate portfolio in a thriving urban market. The portfolio's consistent rental income and attractive investment metrics make it an ideal addition to any investor's portfolio. This is a rare opportunity to acquire a well-maintained, high-performing multifamily portfolio in a desirable Milwaukee location.

Location Insight

City

Milwaukee

County

Milwaukee

State

Wisconsin

Latitude

43.0589

Longitude

-87.9585

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