$1,700,000
18-unit South Side Portfolio
Details
APN 4980586100, 4970121000, 4691832000, 4331968000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 11,159
Units 18
Cap Rate 8.65%
NOI $146,965
Tenancy Multi
Pro-Forma Cap Rate 8.23%
Pro-Forma NOI $139,953
Year Built 1890
Buildings 6
Acreage 0.370
Multifamily | 8.65% CAP | 18 Units
Marketing description
We are pleased to exclusively present the South Side Portfolio, a four-property, 18-unit multifamily assemblage located across the established South Side neighborhoods of Milwaukee, Wisconsin. Built between 1890 and 1914, the portfolio offers a diverse unit mix, strong in-place cash flow, and a below-replacement-cost basis. The four properties may be purchased as a full portfolio.
Investment highlights
- 18 units across four separate tax parcels, sold as a portfolio
- Approximately $146,965 in current NOI at an 8.65% going-in cap rate
- Diverse unit mix spanning 1, 2, 3, and 4-bedroom floor plans
- Established South Side locations near Downtown Milwaukee and Lake Michigan
- Below-replacement-cost basis with rent upside across all four assets
Listing Contacts
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$146,965.00
$12,247.08/mo
Valuation Metrics
0
DSCR
8.65%
Cap Rate
8.65%
ROI
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