7.4% CAP Rate, Real Cash Flow!
Features of 1821 N 47th St, Milwaukee, WI 53208-1773
- Status: Sold
- Total Number of Units: 4
- Est. Year Built: 1914
- School District: Milwaukee
- County: Milwaukee
- Postal Municipality: Milwaukee
- MLS#: 1562208
- Listing Company: Shorewest - Elmbrook-Wauwatosa
Property Description for 1821 N 47th St, Milwaukee, WI 53208-1773
1821 N 47th St, Milwaukee, WI 53208-1773 - 7.4 CAP Rate. Property being sold to participate in a 1031 exchange. Exceptionally maintained. Professionally managed. 100% occupied. Mostly restored brick 4-family in Washington Heights neighborhood. Extensive improvements include 2 new water heaters (2015 and 2016), new roof, gutters/full tear off (2012), new storm windows (2013), rebuilt front porch and front balcony (2014), tuck pointing (2011). Unit 1 updated bathroom in 2014. Unit 2 renovation in 2012 and unit 3 in 2017 including kitchen (flooring, cabinetry, plumbing, lighting, appliances), bathroom (tile, flooring, plumbing, fixtures), lighting, and refinished hardwood floors. Unit 4 new paint in 2016. All units feature original woodwork, kitchen pantry, ceiling fans, Spanish plaster walls, and keyless entry. Well-lit exterior. Revenue includes rents, laundry, garage and storage rental fees.