2848 W Wisconsin Ave 730 N 29th

Active

2848 W Wisconsin Ave 730 N 29th

Milwaukee WI, 53208

$3,790,000

Active

Condo

Built in 1962

Courtesy of RE/MAX Service First, 2622879900

TWO BRICK BUILDINGS on 2 tax keys, total 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. FULLY OCCUPIED, and with a Resident Manager. 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 12, 2024

Listed

September 13, 2024

Updated

Map

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

Interior Features

Fireplace: No
Cooling: No
Heating: Yes
Heating Description: Hot Water, Natural Gas

Exterior/Building Features

Lot Size: 0.5 Acres
Sewer: Public Sewer

School Information

School District: Milwaukee

Other Property Details

Area Name: Milwaukee
Taxes: $33,663
Tax Frequency: Annually
Garage: No
View: No
County: Milwaukee
Water Source: Public
Pool: No
Zoning: RM7 & RM6

Courtesy of RE/MAX Service First

IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is supplied by seller and other third parties and has not been verified. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Brandon Tyler shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.