Listed by Kiser Group
$1,000,000
1328 West Greenfield Avenue
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 16,237
Cap Rate 4.57%
Pro-Forma Cap Rate 9.25%
Year Built 1900
Parking Spaces 23 spaces
Parking per 1,000 SqFt 1.42
Investment Type Value Add
1328 West Greenfield Avenue, Milwaukee, WI 53204
Investment highlights
- Current rents renewed at $1,100/mon - still below the in-place market high of $1,250/mon
- Tenants pay their own electric and heat
- Strong electrical: 400A to the building, 100A per unit
- Private parking · Approximately 23 spaces
- Current cap rate: 4.57% (reflective of 3 vacant units) | Broker proforma cap rate: 9.25%
Listing Contacts
Listed by Kiser Group
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