$3,300,000

2848 W Wisconsin Ave, 730 N 29th, Milwaukee WI, 53208

Price per sqft$79.13

Built in1962

Property size41,706 sqft

Property typeMulti-family

Courtesy of RE/MAX Service First, 262-287-9900

Overview

Sold

Listed Feb 13, 2025

Updated Aug 7

UNDER CONTRACT. TWO OCCUPIED BRICK BUILDINGS on 2 tax keys (388200800+3882005100). Secondary Offers Considered! Total of 63 Units in Downtown Milwaukee's Avenues West Neighborhood (Opportunity Zone #13500). Consists of 2 three-story buildings at the corner of 29th & Wisconsin. 60 of the units are one-bedroom, and 3 units are two-bedroom. This is a solid value-add opportunity because many rents are below market. Features 34 underground parking spaces that are under-utilized. Seller estimates 8.5 CAP today, but 10.5 CAP if owner keeps leasing new tenants at tested, successful higher market rent.

Additional information

MLS^® ID: 1887663

Interior Features

Bathrooms: 0
Basement: Yes

Exterior Features

Lot Size: 0.5 Acres

Courtesy of RE/MAX Service First

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