2218-2222 W State st
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2218-2222 W State st
4 Unit Apartment Building $397,500 ($99,375/Unit) 7.46% Cap Rate Milwaukee, WI 53233
Executive Summary
Brick 4 family in a great spot adjacent to Marquette Blue Light District. All units are 2 bed/1 bath. 2 are more recently refinished and 2 are older work but in good shape. Building is meticulously cared for with no substantial deferred maintenance and is very clean in & out. Rents have room to grow immediately with no capital investment. 4 separate boilers & water heaters, separately metered gas & elec with individual panels (breakers) for each unit with storage units in the basement. Large 2 car garage plus workshop and a steel outbuilding in addition to 5 surface parking spaces. Low maintenance property inside & outside with masonry, no grass and very minimal common areas. Newer TPO roof. Just plug in and roll with this one! This is Dan Mickelsen's listing. Call/text/email Dan at 808-457-8433 or daniel.mickelsen@remax.net
Property Facts
| Price | $397,500 | Apartment Style | Townhome |
| Price Per Unit | $99,375 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 7.46% | Building Size | 4,000 SF |
| No. Units | 4 | Average Occupancy | 75% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1913 |
| Price | $397,500 |
| Price Per Unit | $99,375 |
| Sale Type | Investment |
| Cap Rate | 7.46% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 4,000 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1913 |
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Walk Score ®
Very Walkable (75)
Bike Score ®
Very Bikeable (78)
zoning
| Zoning Code | RT4 |
| RT4 |
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Alex Segal -
Graig Goldman -
Re/Max Service First - Segal / Goldman Group
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2218-2222 W State st
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