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21296560
21296580

4248 N 76th St, Milwaukee, WI 53222

GD
WI 9159394
Lannon Stone Realty, LLC
Listed by Lannon Stone Realty, LLC
$1,100,000
499 days on market
Updated 29 days ago

4248 N 76th Street

Details
Property Type Multifamily, Retail
Sub Type Apartment Building, Storefront
Square Footage 18,606
Units 10
Cap Rate 12.73%
NOI $140,071
Occupancy 90%
Lease Type Modified
Lease Options Month to Month
Broker Co-Op Yes
Class C
Year Built 1965
Buildings 1
Stories 2
Acreage 0.340
Zoning LB1
Tenant Credit No Credit Rating
Ground Lease No

Mixed Use with Retail Below

Marketing description

Great opportunity to invest in retail and multi-family with an owner occupy unit above the retail space and plenty of basement storage. This building has easy access to the main highway and just minutes away from local shopping centers. All tenants are on month to month leases and an active daycare has occupied the space for multiple years. The adjacent retail space is rented to an event company and has a stairwell giving access to another space that can be utilized for additional office / storage or serve as a large apartment for owners to occupy. Parking lot was redone and gets resealed every other year. The roof was adjusted and extended to reduce any dam issues and to reduce moister exposure. Stairwells up to the apartments were recently redone and new sump pumps were purchased and installed this year for the basement / storage areas. Perfect investment opportunity for the right buyer. Any further questions please contact me directly.

Investment highlights

  • The space cash-flows already

  • Updates have been made including the roof and parking lot

  • Parking lot is resealed every other year

  • Plenty of auxiliary parking on adjacent streets

  • Walking distance to retail and shopping centers

  • Easy access to highways

  • Owner suite can be utilized on the left upper staircase

Listing Contacts

GD
WI 9159394
Lannon Stone Realty, LLC
Listed by Lannon Stone Realty, LLC

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$140,071.00
$11,672.58/mo

Valuation Metrics

0
DSCR
12.73%
Cap Rate
12.73%
ROI

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Additional Information

Name
Guntis Dredzels
License
9159394
Brokerage
Lannon Stone Realty
Brokerage Phone
6085728889
Title
Real Estate Agent
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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