2848 W Wisconsin Ave, Milwaukee WI, 53208

Active

2848 W Wisconsin Ave

Milwaukee WI, 53208

$3,790,000

$90.87 per sqft

Active

41,706 sqft

Multi-family

Built in 1962

Courtesy of RE/MAX Service First, 2622879900

TWO FULLY-OCCUPIED BRICK BUILDINGS on 2 tax keys (388200800+3882005100). 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.

1887663

MLSⓇ ID

August 14, 2024

Listed

December 10, 2024

Updated

Map

2848 W Wisconsin Ave
Milwaukee WI, 53208

Interior Features

Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.5 Acres
Sewer: Public Sewer

Other Property Details

Garage: No
Parking: Underground
View: No
County: Milwaukee
Water Source: Public
Pool: No
Zoning: RM7 & RM6

Courtesy of RE/MAX Service First

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