9040 N 85th St 9050, 9060 Milwaukee WI 53224-1856 $3,570,000

Property Description

9040 N 85th St 9050, 9060 Milwaukee WI 53224-1856 - 47 near-identical condo units between 3 buildings. The majority of units have been updated within the last 3 years with LVP, updated counters, cabinets, bathroom fixtures and a modern/durable paint scheme. The exterior was painted 4 yrs ago. The buildings are fully leased with over 1/3rd of tenants paying above $825/mo and over 1/4th of tenants paying all utilities. There is ample parking and a 4 car garage. Storage units and coin-operated laundry in basement. This is a unique opportunity to rent multiple condo units as an efficient multi-family (as it has been done for years) or execute a lease-to-own operation at sale and in one location. The property has been stabilized over the past few years and this is a turn-key operation with equity and cash-flow upside.

Multi-Family
Status: Sold
Total Number of Units: 47
Unit Type 1 # of Units: 47
Unit Type 1 Avg Rent: $793
Outside Parking: 48
Est. Year Built: 1978
School District: Milwaukee
County: Milwaukee
Postal Municipality: Milwaukee
MLS#: 1794857
Listing Company: Compass RE WI-Northshore
Zip Code: null

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