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$ 1,175,000
Est. payment | /mo
2,178 Sqft Lot
$ 1,175,000
Est. payment | /mo
2,178 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1917218
Year Built 1896
Annual Tax Amount $14,221
Tax Year 2024
Lot Size 2,178 Sqft
Acres 0.05
Property Description
Prime Milwaukee downtown multi family investment Opportunity for a 17 bedroom licensed rooming house. Blocks from the lake and downtown. This centrally located multifamily property features four spacious units/floors totaling 17 bedrooms and 7 bathrooms. The building is currently rented by the floor to tenants, but holds a rooming house license, allowing for flexibility to maximize income by leasing individual rooms. Each floor features dedicated central air and a common laundry facility is in the basement with dedicated sets of washer and dryer for each floor. Tenants pay utilities and renters insurance. Rooming house market rent is $600-700/bed. This is a rare opportunity to acquire a versatile, income-producing asset in a high-demand location with room to grow revenue!
Location
State WI
County Milwaukee
Zoning C9A(A)
Rooms
Basement Full
Interior
Heating Natural Gas
Inclusions 4 refrigerators, 4 stove/ovens, 4 washer/dryers
Equipment Seller Owned: Dryer, Seller Owned: Washer
Exterior
Exterior Feature Brick/Stone, Brick
Parking Features None
Building
Dwelling Type Apartment Building,Rooming House
Sewer Municipal Sewer, Municipal Water
New Construction N
Schools
School District Milwaukee
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Listed by SNSHN Realty LLC
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