Listed by Founders 3 Real Estate Services Retail Brokerage Division
$425,000
1326-1337 W Oklahoma Avenue
Details
Property Type Retail
Sub Type Shopping Center, Strip center
Square Footage 1,250
Net Rentable (SqFt) 1,250
Cap Rate 6.55%
NOI $27,820
Tenancy Multi
Lease Type Gross
Year Built 1946
Year Renovated 2007
Acreage 0.120
Zoning C
Parking Spaces 5 spaces
Parking Per SqFt 4.00
Investment Type Stabilized
Ownership Fee Simple (Land and Building)
Retail | 6.55% CAP | 1,250 SqFt
Marketing description
South Side two-tenant strip center located on Oklahoma Avenue in Milwaukee with strong daily traffic count of 18,300 vehicles. The property comprises 1,250 square feet of rentable space with two established tenants: Boost Mobile and Ohana's Nail Salon. Built in 1946 and remodeled in 2007, the property is positioned in a C-zoned commercial district with 5 parking spots and excellent accessibility via Oklahoma Avenue.
Investment highlights
- Pricing $425,000
- Cap Rate 6.55%
- Net Operating Income $27,820
- Lease Types Gross
- Landlord Responsibilities Contact Broker
- Rentable Area 1,250 SF
- Year Built/Remodeled 1946/2007
- Ownership Fee Simple (Land and Building)
Listing Contacts
Listed by Founders 3 Real Estate Services Retail Brokerage Division
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$27,820.00
$2,318.33/mo
Valuation Metrics
0
DSCR
6.55%
Cap Rate
6.55%
ROI
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