Courtesy of Max Fiascone with Apartment Cash Flow, Inc.. 651-263-3653
Fully renovated 5-unit in the heart of Bay View, one of Milwaukee’s most desirable rental submarkets. Every unit has updated kitchens, stainless steel appliances and modern finishes. Four 2BR/1BA long-term units plus a furnished lower-level 2BR currently operated as an Airbnb, giving new ownership the flexibility to run it short-term, mid-term or long-term. Tenants pay gas and electric. Each unit has its own in-unit washer and dryer and separately metered lighting, so there is no common electric. Individual water heaters, forced-air HVAC, roof replaced in 2017, and off-street parking. Offered at a 6.43% current cap rate and a 6.70% proforma cap rate.
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