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2820 W Kilbourn Ave

36 Unit Apartment Building $1,900,000 ($52,778/Unit) 8.41% Cap Rate Milwaukee, WI 53208

Apartment Buildings Wisconsin Milwaukee 2820 W Kilbourn Ave, Milwaukee, WI 53208

Investment Highlights

  • Value-add in NOI increase
  • Six (6) studio units
  • Thirty (30) one-bedroom units
  • Strong historical occupancy

Executive Summary

Kiser Group is pleased to bring to market 2820 W Kilbourn Ave, Milwaukee, WI, is a brick 36-unit multifamily investment opportunity priced at $1,900,000. Built in 1962, this 23,535 square-foot building offers a current cap rate of 8.41% and generates a net operating income (NOI) of $159,826, with projections to increase to $182,746. The property features a mix of 30 one-bedroom units (83.3%) and 6 studio units (16.7%), with an average rent of $665 per unit, below the market potential of $759.

Property Facts

Price $1,900,000 Apartment Style Low Rise
Price Per Unit $52,778 Building Class C
Sale Type Investment Lot Size 0.46 AC
Cap Rate 8.41% Building Size 23,535 SF
No. Units 36 No. Stories 3
Property Type Multifamily Year Built 1962
Property Subtype Apartment Parking Ratio 0.85/1,000 SF
Price $1,900,000
Price Per Unit $52,778
Sale Type Investment
Cap Rate 8.41%
No. Units 36
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.46 AC
Building Size 23,535 SF
No. Stories 3
Year Built 1962
Parking Ratio 0.85/1,000 SF

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Very Walkable (75)
Bike Score ®
Very Bikeable (72)
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zoning

Zoning Code RM6
RM6
(773) 293-5067

Contact

  • Listing ID: 34212323

  • Date on Market: 12/16/2024

  • Last Updated:

  • Address: 2820 W Kilbourn Ave, Milwaukee, WI 53208

The Multifamily Property at 2820 W Kilbourn Ave, Milwaukee, WI 53208 is currently available for sale. Contact Kiser Group for more information.

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2820 W Kilbourn Ave
(773) 293-5067 x

2820 W Kilbourn Ave

Luis Robles

(773) 293-5067

(773) 293-5067

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