Active
2848 West Wisconsin AVENUE 730 N 29th
Milwaukee WI, 53208
$3,790,000
$90.87 per sqft
Active
41,706 sqft
Multi-family
Built in 1962
Courtesy of RE/MAX Service First
TWO BRICK BUILDINGS on 2 tax keys (388200800+3882005100). Total of 63 Units in Downtown Milwaukee's Avenues West Neighborhood (Opportunity Zone #13500). Consists of 2 three-story buildings at the corner of 29th & Wisconsin. 60 of the units are one-bedroom, and 3 units are two-bedroom. FULLY OCCUPIED, and with a Resident Manager. This is a solid value-add opportunity because many rents are below market. Features 34 underground parking spaces that are under-utilized. Seller estimates 8.5 CAP today, but 10.5 CAP if owner keeps leasing new tenants at tested, successful higher market rent.
1887663
MLSⓇ ID
August 14, 2024
Listed
October 23, 2024
Updated
Map
2848 West Wisconsin AVENUE 730 N 29th
Milwaukee WI, 53208
Interior Features
Laundry Description
In Basement
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Natural Gas, Hot Water, Steam
Exterior/Building Features
Lot Size
0.5 Acres
Sewer
Public Sewer
School Information
School District
Milwaukee
Other Property Details
Area Name
MILWAUKEE
Taxes
$33,663
Tax Frequency
Annually
Garage
No
View
No
County
MILWAUKEE
Water Source
Public
Pool
No
Zoning
RM7 & RM6
Courtesy of RE/MAX Service First, Segal Goldman Realty Group*
IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is supplied by the seller and other third parties and has not been verified. IDX information is provided exclusively for consumers’ personal, non-commercial use, and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data Source: MetroMLS ©2024 Multiple Listing Service, Inc. – All Rights Reserved
Data last updated 4:48 AM UTC, 10/23/2024
