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MICHIGAN STREET PROPERTIES

3 Residential Properties Offered at £2,816,820 in Milwaukee, WI

Investment Highlights

  • 65-units
  • $79.39/SF
  • Approximately 24 parking spots
  • Cap Rate: 8.00% | Proforma: 9.06%
  • 7min walking distance from Marquette University

Executive Summary

65-units for sale in the Near West Side neighborhood of Milwaukee, WI. This 3-lot assemblage consists of two (2) 30-unit buildings consisting of all 1-Bedroom apartments and a vintage-style home consisting of 5-units. The properties are a 7-min walk from the core of Marquette University's campus. There is approximately 24 parking spots in between 2301 and 2319 W Michigan St.
The addresses of the properties are;
2301 W MICHIGAN ST | 5-units
2319 W MICHIGAN ST | 30-units
2327 W MICHIGAN ST | 30-units

Property Facts

Price £2,816,820
Price / SF £61.90 / SF
Net Initial Yield 8%
Sale Type Investment
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 45,506 SF
Total Land Area 0.93 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
2327 W Michigan St, Milwaukee, WI 53233 Residential 20,821 SF 1929 -
2319 W Michigan St, Milwaukee, WI 53233 Residential 20,821 SF 1929 -
Westridge Apartments
2301 W Michigan St, Milwaukee, WI 53233
Residential 3,864 SF 1892 -
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  • Listing ID: 33398722

  • Date on Market: 03/10/2024

  • Last Updated:

  • Address: MICHIGAN STREET PROPERTIES, Milwaukee, WI

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