1410 72 StWest Allis, WI 53214

Property Details for 1410 72 St

Property size (Sq ft)

12,888 SF

Property type

Retail properties

Property subtype

Apartment buildings

Description

Exceptional investment opportunity in West Allis, Wisconsin, presents a mixed-use property ideally situated at 1410 S 72nd St, 53214. This Class B building boasts a compelling 8.54% cap rate, generating a strong net operating income (NOI) of $149,384. The property encompasses 12,888 square feet and features ten residential units – eight studios, one one-bedroom, and one two-bedroom apartment – along with four commercial spaces, totaling 12,672 square feet. Five basement storage units provide additional income streams. Recent upgrades include a new roof (July 2024), new carpet and paint in the second-floor common areas, and energy-efficient windows in all second-floor apartments. Exterior painting (east and south walls) was completed in August 2024. The property benefits from its location within the West Allis BID District, providing access to numerous community events and its proximity to public transportation, shopping, and dining. Ample parking is available in nearby city-owned lots. The property is zoned C-2, offering flexibility for future development. Currently operating at 100% occupancy, this turnkey investment presents a rare opportunity for immediate cash flow and long-term appreciation. The asking price is $1,750,000.

Location Insight

City

West Allis

County

Milwaukee

State

Wisconsin

Latitude

43.0167

Longitude

-88.0024

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].