Listed by Milwaukee Executive Realty
$410,000
2340 S Kinnickinnic
Details
APN 4991202000
Property Type Mixed Use, Retail
Sub Type 3 Bedroom, Barbershop
Square Footage 1,819
Units 2
Cap Rate 6.71%
NOI $27,500
Price per SqFt $225
Year Built 1890
Buildings 1
Stories 2
Acreage 0.150
Zoning LB2
Mixed Use | 6.71% CAP | 1,819 SqFt
Marketing description
Great Bay View location for this mixed use Property. The Barber Shop currently has 5 chairs and has thrived here. The Shop will be moving as it grew out of the space. The residential unit is 3 BR with many updates. Long term tenant pays $1900 per month. New roof in 2025, Lead water lines have been replaced and retaining wall to the North has been rebuilt. Bring your Business to this hot location or use as an investment. 6 surface parking spaces in back for tenants and owners use.
Investment highlights
Long term upper tenant paying $1,900/mo. Lower tenant vacating, allowing an opportunity for owner/operator buyers to bring their business to this busy location.
Listing Contacts
Listed by Milwaukee Executive Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$27,500.00
$2,291.67/mo
Valuation Metrics
0
DSCR
6.71%
Cap Rate
6.71%
ROI
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