2848 W Wisconsin Ave #730 N 29th, Milwaukee, WI 53208

2848 W Wisconsin Ave #730 N 29th, Milwaukee, WI 53208
Photo 1 of 18
$3,790,000
Beds Baths Sq. Ft. Taxes Built
0 $33,663 1962
On the market: 89 days

Est. Monthly Payment:

$24,477($21,672 + $2,805 taxes*)

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APPROVED
View full details, 15 photos, school info, and price history
TWO BRICK BUILDINGS on 2 tax keys (388200800+3882005100). Total of 63 Units in Downtown Milwaukee's Avenues West Neighborhood (Opportunity Zone #13500). Consists of 2 three-story buildings at the corner of 29th & Wisconsin. 60 of the units are one-bedroom, and 3 units are two-bedroom. FULLY OCCUPIED, and with a Resident Manager. This is a solid value-add opportunity because many rents are below market. Features 34 underground parking spaces that are under-utilized. Seller estimates 8.5 CAP today, but 10.5 CAP if owner keeps leasing new tenants at tested, successful higher market rent.
Listing courtesy of Segal Goldman Realty Group*, RE/MAX Service First