5501 W Morgan Ave, Milwaukee, WI 53220 Sold for $462,500 on 11/01/2022
Features of 5501 W Morgan Ave, Milwaukee, WI 53220
WI > Milwaukee > Milwaukee > 5501 W Morgan Ave
- Multi-Family
- Status: Sold
- Total Number of Units: 4
- Unit Type 1 # of Units: 2
- Unit Type 1 Avg Rent: $800
- Unit Type 2 # of Units: 2
- Unit Type 2 Avg Rent: $800
- Inside Parking: 3
- Outside Parking: 3
- Est. Year Built: 1960
- School District: Milwaukee
- County: Milwaukee
- Postal Municipality: Milwaukee
- MLS#: 1811916
- Listing Company: Shorewest - South Metro
- Zip Code: 53220
Property Description for 5501 W Morgan Ave, Milwaukee, WI 53220
5501 W Morgan Ave, Milwaukee, WI 53220 - Long time owner selling adjacent brick 4 unit buildings. All 2 bedroom/1 bath units, fully occupied with many 10 plus year long term tenants. Gross income for each building is $3000/month with very possible room for increase. Separate mechanicals for each unit (newer furnaces, central air units, water heaters, and electrical panels-2021). Full basement with laundry, storage lockers, sump pump, and egress window. Vinyl windows, dimensional roofs, 9 total outdoor parking spaces, 3 car detached garage (currently used for storage) plus patio areas. Rare opportunity to control 8 units in prime southside corridor. Call today!
Basement
- Block, Full
Interior Features
- Heating/Cooling: Forced Air, Natural Gas
- Water Waste: Municipal Sewer, Municipal Water
Building and Construction
- Apartment Building
Land Features
- Waterfront/Access: N
MLS Number | New Status | Previous Status | Activity Date | New List Price | Previous List Price | Sold Price | DOM |
1811916 | Sold | ActiveWO | Nov 1 2022 12:00AM | $462,500 | 4 | ||
1811916 | Sold | ActiveWO | Nov 1 2022 12:00AM | $462,500 | 4 | ||
1811916 | ActiveWO | Active | Sep 25 2022 6:02PM | 4 |
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