7421 W Fernwood Cir, Milwaukee, WI 53219 Sold for $615,000 on 08/16/2023

7421 W Fernwood Cir, Milwaukee 4 Units $615,000 Sold

  • Multi-Family
  • Status: Sold
  • Total Number of Units: 4
  • Unit Type 1 # of Units: 1
  • Unit Type 1 Avg Rent: $1,180
  • Unit Type 2 # of Units: 1
  • Unit Type 2 Avg Rent: $1,180
  • Unit Type 3 # of Units: 1
  • Unit Type 3 Avg Rent: $1,180
  • Unit Type 4 # of Units: 1
  • Unit Type 4 Avg Rent: $1,180
  • Outside Parking: 4
  • Est. Square Footage: 4,000
  • Est. Year Built: 1958
  • School District: Milwaukee
  • County: Milwaukee
  • Postal Municipality: Milwaukee
  • MLS#: 1841719
  • Listing Company: Standard Real Estate Services, LLC
  • Price/SqFt: $153
  • Zip Code: 53219

7421 W Fernwood Cir, Milwaukee, WI 53219 - This pristine, 4-unit multifamily property is true turnkey condition with ZERO deferred maintenance. Great location on a corner lot in a safe neighborhood. This investment property is comprised of four (4) 2-Bedroom/1-Bathroom units, with a combined total of 3,200 sq ft of livable area and 4,000 sq ft of total gross area. The property has been meticulously maintained and features well-manicured grounds, 4 off-street surface parking spaces, shed, patio & fence. Renovated: 2019. Updated top to bottom. Gross Rent = $56,640 NOI = $43,522, Cap Rate = 7.08%; List Price = $614,900

Additional Features
  • Full
  • Heating/Cooling: Forced Air, Natural Gas
  • Water Waste: Municipal Sewer, Municipal Water
  • Inclusions: 15 newer appliances, Three Washers, Three Dryers, Four Refrigerators, Four Ranges, One Snow blower, One Lawnmower, One Trimmer, One blower
  • Apartment Building
  • Waterfront/Access: N
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
1841719 Sold ActiveWO Aug 16 2023 12:00AM $615,000 23
1841719 Sold ActiveWO Aug 16 2023 12:00AM $615,000 23
1841719 ActiveWO Active Jul 17 2023 7:53AM 23
1841719 Active ActiveWO Jul 13 2023 2:11PM 23
1841719 ActiveWO Active Jul 13 2023 9:11AM 23
1841719 Active Jul 10 2023 9:13PM $614,900 23
1834124 Expired Active 82
1834124 Active Pending Jun 27 2023 10:28AM 82
1834124 Pending Active May 18 2023 10:46AM 82
1834124 Active May 12 2023 3:13PM $599,900 82
1609852 Sold ActiveWO Oct 31 2018 12:00AM $275,000 6
1609852 ActiveWO Active Oct 15 2018 5:48PM 6
1609852 Active Oct 10 2018 2:31PM $285,000 6
1217406 Sold ActiveWO Mar 30 2012 12:00AM $199,000 213
1217406 ActiveWO Active Mar 12 2012 11:41AM 213
1217406 Active ActiveWO Mar 5 2012 9:57AM $209,800 $214,800 213
1217406 ActiveWO Active Mar 2 2012 11:36AM 213
1217406 Feb 21 2012 3:49PM $214,800 $219,800 213
1217406 Feb 13 2012 10:55AM $219,800 $224,800 213
1217406 Jan 31 2012 4:21PM $224,800 $235,900 213
1217406 Oct 25 2011 9:06AM $235,900 $244,900 213
1217406 Active Aug 12 2011 2:54PM $244,900 213

Estimated Monthly Payment

$3,287 per month
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