Bought with Epique Realty
$3,300,000
$3,790,000
12.9%For more information regarding the value of a property, please contact us for a free consultation.
2848 W Wisconsin AVENUE #730 N 29th Milwaukee, WI 53208
41,706 SqFt
Key Details
Sold Price $3,300,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 41,706 sqft
Price per Sqft $79
Municipality MILWAUKEE
MLS Listing ID 1887663
Sold Date 06/06/25
Year Built 1962
Annual Tax Amount $33,663
Tax Year 2023
Lot Size 0.500 Acres
Property Description
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.
Location
State WI
County Milwaukee
Zoning RM7 & RM6
Rooms
Basement Laundry Facilities
Interior
Heating Natural Gas
Cooling Hot Water/Steam
Equipment Seller Leased: Dryer, Seller Leased: Washer, Seller Owned: Water Heater
Appliance Seller Leased: Dryer, Seller Leased: Washer, Seller Owned: Water Heater
Exterior
Parking Features Underground Garage
Building
Sewer Municipal Sewer, Municipal Water
Structure Type Brick/Stone,Brick
New Construction N
Schools
School District Milwaukee
Others
Special Listing Condition Arms Length
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