5823 W Appleton Ave, Milwaukee, WI 53210

5823 W Appleton Ave, Milwaukee, WI 53210
Photo 1 of 23
$490,000
Sold on 8/25/23
Beds Baths Sq. Ft. Taxes Built
0 $6,947 1929
On the market: 121 days
View full details, 15 photos, school info, and price history
Solid investment in the Saint Joseph neighborhood of Milwaukee. Currently 100% occupied with historically low vacancy. Owner pays common gas & electric, water & sewer. Tenants pay for heat, gas and electric. Converted from one central boiler to new individual furnaces in 2015 along with the new ductwork to with it. Low maintenance brick exterior with approximately 12 year old flat rubber roof. Leased coin-op laundry for additional income and storage in the basement. Invest in this property, raise the rents and enjoy your cash flow! Conservative projected rents of $815 for 2 Bedrooms, $725 for 1 Bedrooms. Possible alternative uses are adult care building or government programs for guaranteed income. Buyer to cooperate with Sellers 1031 exchange.
Listing courtesy of Bryan Caprioli, CAP Investment Realty, LLC