6166 S Packard Ave
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6166 S Packard Ave
16 Unit Apartment Building $1,400,000 ($87,500/Unit) 7.02% Cap Rate Cudahy, WI 53110
Executive Summary
Turn key, Cudahy 16 unit brick apartment building. All units are studio apartments with 1 bathroom, roughly 400 sq ft each. All tenants pay their own electricity. Owner pays for heat and water/sewer/trash. All large capital expenditures have been taken care of recently, including the roof, boiler, main plumbing in the basement, electric panels (all 100 amp per unit), and parking lot. Of the 16 units, roughly 12 have been renovated to various degrees.
Property Facts
| Price | $1,400,000 | Building Class | C |
| Price Per Unit | $87,500 | Lot Size | 0.37 AC |
| Sale Type | Investment | Building Size | 11,000 SF |
| Cap Rate | 7.02% | Average Occupancy | 81% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 1.27/1,000 SF |
| Apartment Style | Low Rise |
| Price | $1,400,000 |
| Price Per Unit | $87,500 |
| Sale Type | Investment |
| Cap Rate | 7.02% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 11,000 SF |
| Average Occupancy | 81% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.27/1,000 SF |
Site Amenities
- Laundry Facilities
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | $795.00 | - |
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Walk Score ®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 682-9899-000 | Improvements Assessment | $553,400 |
| Land Assessment | $224,000 | Total Assessment | $777,400 |
PROPERTY TAXES
Parcel Number
682-9899-000
Land Assessment
$224,000
Improvements Assessment
$553,400
Total Assessment
$777,400
zoning
| Zoning Code | S2 |
| S2 |
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6166 S Packard Ave
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