1421 W Atkinson Ave. #1429, Milwaukee, WI 53206

1421 W Atkinson Ave. #1429, Milwaukee, WI 53206
Photo 1 of 16
$697,000
Sold on 7/18/22
Beds Baths Sq. Ft. Taxes Built
0 $5,248 1955
On the market: 46 days
View full details, 15 photos, school info, and price history
Rare opportunity to acquire 16, 1 bd/1bth, apartments in two adjacent buildings. Package deal only. Improvements in last 4 years include all NEW: two tear-off 3D roofs, fencing, exterior storage shed, Lorex IP system with 22 cameras, and interior renovations. Stabilized with excellent financials, good tenants, & well-run management.Value-add opportunities include raising rents (current $535 vs. neighborhood $575-$590); renting existing 16 basement storage units; and adding coin laundry. Scheduled annual gross rents: $102,720. Deposits equaling 1 month rent available. Low operational expenses for owner with tenants paying individually for gas & electric and having separate furnaces & water heaters. Owner pays for water, trash, and common areas electric. Parking in the back for 16 cars
Listing courtesy of James Olsen, Century 21 Affiliated-Wauwatosa