10112 W Sharon Lane
Multifamily | 6 Units
Marketing description
Solid all-brick six-unit on Milwaukee's northwest side, offered as a fully occupied, income-producing investment generating $95,280 in annual in-place rent. The mix is two 3BR/1.5BA and four 2BR/1.5BA units, each with a separate dining area and eat-in kitchen, an unusually large floor plan for the area. Built in 1972 of solid masonry for low-maintenance ownership, with a full basement, shared laundry, and garage plus surface parking on a 0.28-acre lot, zoned RM1. Served by municipal water and sewer. Minutes from US Highway 45 and Highway 100, with Mayfair Road retail and metro employment corridors nearby. Offered at $729,900 ($121,650 per unit). Full offering memorandum with rent roll available to qualified buyers on request. Contact Hyperion Realty for the OM and to arrange a tour.
Investment highlights
- Fully occupied, in-place income. All six units are leased, generating $95,280 in annual contract rent, with a mix of fixed and month-to-month leases that allow rents to be moved to market over time.
- Utilities moving fully to tenants. We Energies gas and electric are already billed to tenants, except the heating gas and common-area service, and the newest units also split the water and common-area charges. The pro forma largely completes that split across all six units, leaving only minimal common utilities with the owner, the single largest lever on net income.
- Built-in rent upside, no capital required. One three-bedroom unit already commands $1,650. Matching the second three-bedroom and bringing the lone $1,190 two-bedroom to the building's proven $1,250 adds rent immediately.
- Durable, large-format unit mix. Oversized 2BR and 3BR, 1.5-bath layouts are scarce in the submarket and rent at a premium to the typical one-bath product. Two- and three-bedroom homes make up roughly 82 percent of the local rental stock (Prop-Metrics, 2025).
- Solid brick construction. The masonry exterior is durable, fire-resistant, and low-maintenance, which helps hold down long-term capital and insurance costs relative to frame buildings.
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