2436 S Wentworth Ave
Turnkey Bay View 5-Unit with Airbnb Flexibility & Rental Upside
Marketing description
Exceptional opportunity to acquire a fully renovated 5-unit apartment building in the heart of Bay View, one of Milwaukee's most desirable rental neighborhoods. The property features four renovated long-term apartments plus one furnished 2-bedroom unit currently operating as a successful Airbnb, offering flexibility for short-term, mid-term, or traditional long-term rental strategies. Current rents reach $1,850/month, with recent comparable rentals supporting additional rental upside. Tenants pay gas and electric, with all units separately metered. Recent improvements include a new roof (2017), exhaust vents (2023), modernized interiors, updated kitchens, stainless steel appliances, and contemporary finishes throughout. Off-street parking and onsite laundry further enhance tenant appeal. Conveniently located near Kinnickinnic Avenue, South Shore Park, downtown Milwaukee, restaurants, shopping, and Lake Michigan. A turnkey investment in one of Milwaukee's strongest multifamily submarkets.
Investment highlights
- Prime Bay View location on a quiet residential street
- 5-unit apartment building with four long-term rentals and one furnished Airbnb
- Fully renovated interiors with modern kitchens, stainless steel appliances, and updated finishes
- Opportunity to operate the furnished unit as STR, MTR, or traditional long-term rental
- Strong in-place cash flow with additional rental upside as leases renew
- Two leases expire in September 2026, providing near-term rent growth opportunity
- Separately metered gas and electric with no common electric expense
- Individual forced-air furnaces and water heaters for each unit
- Roof replaced in 2017; exhaust vents replaced in 2023
- Off-street parking and onsite laundry
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