Near West Side Portfolio
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Near West Side Portfolio
4 Multifamily Properties Offered at $5,900,000 in Milwaukee, WI
INVESTMENT HIGHLIGHTS
- Stable occupancy with minimal vacancy ---- 1.87% current vacancy
- Below-market rents ---- 15.5% potential GSI increase
- Diversified unit mix ---- 86.7% one-bedroom units
- Conservative operating expense projections ---- 48.92% expense ratio
EXECUTIVE SUMMARY
Kiser Group is pleased to present a rare opportunity to acquire a 120-unit multifamily portfolio consisting of four brick buildings in the Near West Side neighborhood of Milwaukee, WI. This portfolio represents an exceptional opportunity to acquire a sizeable multifamily position in Milwaukee with immediate cash flow and value-add potential. The portfolio has demonstrated stable occupancy with minimal vacancy historically. All buildings are within a half mile radius.
PROPERTY FACTS
| Price | $5,900,000 | Number of Properties | 4 |
| Price / SF | $81.10 / SF | Individually For Sale | 2 |
| Cap Rate | 8% | Total Building Size | 72,754 SF |
| Sale Type | Investment | Total Land Area | 1.09 AC |
| Status | Active |
| Price | $5,900,000 |
| Price / SF | $81.10 / SF |
| Cap Rate | 8% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 2 |
| Total Building Size | 72,754 SF |
| Total Land Area | 1.09 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 2848 W Wells St, Milwaukee, WI 53208 | Multifamily | 24,000 SF | 1963 | $1,625,000 |
| 2635 W Juneau Ave, Milwaukee, WI 53233 | Multifamily | 10,020 SF | 1973 | $2,380,000 |
| 2625 W Juneau Ave, Milwaukee, WI 53233 | Multifamily | 13,711 SF | 1973 | - |
|
Plaza West
2929 W Wisconsin Ave, Milwaukee, WI 53208 |
Multifamily | 25,023 SF | 1974 | - |
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