5501 W Morgan Ave Milwaukee WI 53220-1452 $450,000

Property Description

5501 W Morgan Ave Milwaukee WI 53220-1452 - 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!

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: null

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