Listing Provided Courtesy Of:
Compass RE WI-Northshore
Address
9040 N 85th St, Unit 9050, 9060, Milwaukee, WI
Price
$ 3,570,000
Property Attributes
  • ID#1794857
  • TypeMulti-Family
  • CountyMILWAUKEE
  • CityMilwaukee
  • Zip53224
  • StyleApartment Building,Association
  • Year Built1978
  • Taxes$ 50774
  • Price$ 3,570,000
  • Bedrooms2
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage751
  • Lot Size2.64 Acres
Data Source:
MetroMLS
Property Description

47 near-identical condo units between 3 buildings. The majority of units have been updated within the last 3 years with LVP, updated counters, cabinets, bathroom fixtures and a modern/durable paint scheme. The exterior was painted 4 yrs ago. The buildings are fully leased with over 1/3rd of tenants paying above $825/mo and over 1/4th of tenants paying all utilities. There is ample parking and a 4 car garage. Storage units and coin-operated laundry in basement. This is a unique opportunity to rent multiple condo units as an efficient multi-family (as it has been done for years) or execute a lease-to-own operation at sale and in one location. The property has been stabilized over the past few years and this is a turn-key operation with equity and cash-flow upside.

Price History
5/29/2022 Listed $3,760,000
6/23/2022 6% - $3,570,000

General Features

1st Type Unit 1 Bath, 2 Bedrooms, Air Conditioning, Balcony/Patio, Cable TV Available, Dining Room, Dishwasher, Disposal, Living Room, Range/Oven, Refrigerator, Storage Lockers
Basement Block, Full, Laundry Facilities
Garage Features Outdoor Space
Property Type D
School District Milwaukee
Status Active
Tax Year 2021
Taxes 50774.00
Type Apartment Building, Association
Unit Number 9050, 9060
Year Built 1978
Zoning RM1

Interior Features

Heating/Cooling Central Air, Forced Air, Indiv. Heating Units, Natural Gas
Stories 1-2 Stories
Total Number of Units 47
Type 1 Units 47.00

Exterior Features

Exterior Part-Masonite/PresBd, Partial-Brick
Flood Plan No
Parking Inside 0.00
Parking Outside 48.00
Water/waste Municipal Sewer, Municipal Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 53224

Price
AVG $2.23M
$3.57M
Taxes
AVG $31,777
$50,774
Visits
AVG 20
32
Year Built
AVG 1975
1978
Walkscore
AVG 38
51
Data Provided by Walkscore ® not using MLS data

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