3654 Squire AveCudahy, WI 53110

Property Details for 3654 Squire Ave

Year built

1950

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a four-unit apartment building located at 3654 E Squire Ave, Cudahy, WI 53110. The property, built in 1950, boasts a two-story structure with a permitted commercial zoning designation. Currently operating at 100% occupancy, the building generates a strong net operating income (NOI) of $26,233, yielding a 7.11% cap rate. A pro-forma analysis projects a significant increase in NOI to $32,564, resulting in an impressive 8.82% pro-forma cap rate. This value-add opportunity allows for potential rent increases to market rates, further enhancing profitability. The asking price is $369,000, translating to $92,250 per unit. Included in the sale are four stoves/ovens, four refrigerators, and a new coin-operated washer/dryer. The property is offered free and clear, simplifying the acquisition process. Detailed financial records, including a rent roll and copies of leases, are available upon request. This property presents a compelling investment prospect in a desirable location, offering immediate cash flow and substantial upside potential. The building is situated in Cudahy, Wisconsin, providing convenient access to Lake Michigan.

Location Insight

City

Cudahy

County

Milwaukee

State

Wisconsin

Latitude

42.9582

Longitude

-87.8584

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].