1410 72Nd StWest Allis, WI 53214

Property Details for 1410 72Nd St

Property size (Sq ft)

12,888 SF

Property type

Residential income properties

Property subtype

Other retail properties

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

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