2813 Belleview PlMilwaukee, WI 53211

Property Details for 2813 Belleview Pl

Year built

1905

Lot size

0.19 AC

Property size (Sq ft)

13,724 SF

Zone code

RM4

Property type

Apartment buildings

APN

318-0097-000

APU

3180097000

Description

This exceptional Class A multifamily investment opportunity presents two beautifully renovated buildings totaling 17 units situated in Milwaukee's desirable East Side. Built in 1905 and completely renovated in 2023, these four-story buildings boast stunning vintage charm blended seamlessly with modern amenities. The property features 16 spacious three-bedroom, one-bathroom units and one one-bedroom, one-bathroom unit. Each unit includes brand new kitchen appliances (refrigerators, ovens, microwaves, and dishwashers), updated countertops and cabinetry, renovated bathrooms with new tile, sinks, toilets, and fixtures, new in-unit washer/dryers, fresh paint, new drywall, light fixtures, and doors. The electrical system has also been fully updated. Located at 2803 & 2813 E Belleview Place, this corner property offers unparalleled convenience, steps away from Downer Avenue, Lake Park, and Bradford Beach. The asking price is $5,500,000, representing a price per unit of $323,529.41. This stabilized investment presents a rare opportunity to acquire a meticulously renovated multifamily property in a highly sought-after Milwaukee location. The property's strong location and modern updates make it an ideal investment for discerning buyers seeking high returns and long-term appreciation.

• CAP approach

  CAP return

  Valuation

  6%

  $3,072,758

  6.5%

  $2,836,392

  7%

  $2,633,793

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,159,622

  Geo Method

  $2,770,704

• Alternative Use

  Use

  Valuation

  Residential

  $2,836,392

  Hospitality

  $2,598,120

  Educational

  $2,161,606

  Medical

  $2,235,946

  Retail

  $3,362,498

Location Insight

City

Milwaukee

County

Milwaukee

State

Wisconsin

Latitude

43.0645

Longitude

-87.8755

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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