3654 Squire AveCudahy, WI 53110
- Apartment buildings
Property Details for 3654 Squire Ave
- Year built
- 1950
- Property type
- Apartment buildings
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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