6166 S Packard Ave
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6166 S Packard Ave
16 Unit Block of Flats £1,113,728 (£69,608/Unit) 7.02% Net Initial Yield Cudahy, WI 53110
Executive Summary
Turn key, Cudahy 16 unit brick apartment building. All units are studio apartments with 1 bathroom, roughly 400 sq ft each. All tenants pay their own electricity. Owner pays for heat and water/sewer/trash. All large capital expenditures have been taken care of recently, including the roof, boiler, main plumbing in the basement, electric panels (all 100 amp per unit), and parking lot. Of the 16 units, roughly 12 have been renovated to various degrees.
Property Facts
| Price | £1,113,728 | Building Class | C |
| Price Per Unit | £69,608 | Lot Size | 0.37 AC |
| Sale Type | Investment | Building Size | 11,000 SF |
| Net Initial Yield | 7.02% | Average Occupancy | 81% |
| No. Units | 16 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 1.27/1,000 SF |
| Apartment Style | Low Rise |
| Price | £1,113,728 |
| Price Per Unit | £69,608 |
| Sale Type | Investment |
| Net Initial Yield | 7.02% |
| No. Units | 16 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 11,000 SF |
| Average Occupancy | 81% |
| Number of Floors | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.27/1,000 SF |
Site Amenities
- Laundry Facilities
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 16 | £632.44 | - |
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Walk Score ®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 682-9899-000 | Improvements Assessment | £435,443 |
| Land Assessment | £176,254 | Total Assessment | £611,697 |
PROPERTY TAXES
Parcel Number
682-9899-000
Land Assessment
£176,254
Improvements Assessment
£435,443
Total Assessment
£611,697
zoning
| Zoning Code | S2 |
| S2 |
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6166 S Packard Ave
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