1534 Farwell AveMilwaukee, WI 53202

Property Details for 1534 Farwell Ave

Year built

1910

Lot size

0.23 AC

Property size (Sq ft)

15,300 SF

Zone code

RO2

Property type

Retail space

Property subtype

Storefront properties

APN

359-0008-110

APU

3590008110

Description

This exceptional investment opportunity encompasses three multifamily buildings totaling 21 units, ideally situated in Milwaukee's desirable East Side. The portfolio includes a seven-unit building near the University of Wisconsin-Milwaukee at 2905 N Bartlett Avenue, offering strong rental potential due to its proximity to the university. Another seven-unit building is located just a block from the vibrant Downer Avenue at 2634 N Stowell Avenue, providing convenient access to shopping and dining. The third building, located at 1534 N Farwell Avenue in the Lower East Side, presents a unique redevelopment opportunity. This building, formerly Paul Weise Furniture, offers significant potential for renovation and repositioning within a highly sought-after neighborhood. The combined portfolio presents a compelling opportunity for an investor seeking to capitalize on the strong rental market and redevelopment potential in this thriving Milwaukee neighborhood. The asking price for this entire portfolio is $2,200,000. This is a rare chance to acquire a substantial multifamily portfolio in a prime location with significant upside potential. The properties are located in Milwaukee County, Wisconsin, zip code 53202.

• CAP approach

  CAP return

  Valuation

  6%

  $3,223,340

  6.5%

  $2,975,390

  7%

  $2,762,870

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,615,440

  Geo Method

  $2,072,540

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,871,690

  Mixed-Use / Specialty

  $2,936,750

  Hospitality / Lodging

  $2,118,100

  Office

  $2,890,100

  Institutional / Educational

  $3,043,020

  Residential Income

  $3,560,330

  Multifamily

  $4,425,500

  Automotive / Energy

  $2,608,300

  Parking / Income-Based Land

  $927,792

  Restaurant / Food Service

  $1,467,590

  Healthcare / Senior Housing

  $3,040,330

Location Insight

City

Milwaukee

County

Milwaukee

State

Wisconsin

Latitude

43.0503

Longitude

-87.8944

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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