5262 Teutonia AveMilwaukee, WI 53209

Property Details for 5262 Teutonia Ave

Year built

1955

Lot size

0.17 AC

Property size (Sq ft)

3,358 SF

Zone code

RM5

Property type

Residential income properties

Property subtype

Residential income homes

APN

193-9973-000

APU

1939973000

Description

This exceptional 4-unit apartment building, located at 5262 N Teutonia Ave, Milwaukee, WI 53209, presents a compelling investment opportunity. Built in 1955, this two-story building sits on a lot zoned RM5 and offers a current NOI of $14,868, translating to a 5.61% cap rate. However, with a pro-forma NOI of $25,761, the potential cap rate jumps to an impressive 9.72%. The property currently boasts 75% occupancy, with three occupied and one vacant unit. Each unit features two bedrooms and one bathroom. Significant value-add potential exists through increasing occupancy to 100%. The building includes a four-car garage, providing ample parking for residents. Additional amenities include basement storage lockers and laundry hookups. Recent improvements include the updating of one unit and the replacement of three of the four water heaters within the last few years. This property is being sold as-is. The asking price is $265,000. This is a rare chance to acquire a multifamily property in a desirable Milwaukee location with substantial upside potential. Don't miss this chance to add a strong performer to your portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $751,845

  6.5%

  $694,011

  7%

  $644,439

• Comparable approach

  Method

  Valuation

  Relative Method

  $528,418

  Geo Method

  $677,938

• Alternative Use

  Use

  Valuation

  Residential

  $694,011

  Hospitality

  $635,710

  Educational

  $528,904

  Medical

  $547,093

  Retail

  $822,739

Location Insight

City

Milwaukee

County

Milwaukee

State

Wisconsin

Latitude

43.1132

Longitude

-87.9497

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].