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Near West Side Portfolio Milwaukee, WI 53233

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For Sale
$5,900,000

120-unit multifamily portfolio, 4 brick buildings in the Near West Side neighborhood of Milwaukee, WI.

Property size:
73,262 SF
Lot size:
1.68 Acres
Added:
Jan 16, 2025
Days on Market:
457
Last Refresh:
Mar 16 at 9:06 am

Property Features for Near West Side Portfolio

General Information

Standard status
Active
Property type
Multifamily properties, Residential income homes, Other residential income properties, Residential income properties, Investment properties
Size
73,262 SF
Elevators
N/A
Lot size
1.68 Acres

We can help!

Listing Contact
Luis Robles

Listing agent Luis

Listing office

Listing date Jan 16, 2025


Overview

Milwaukee Multifamily Portfolio: 120 Units

This exceptional investment opportunity features a 120-unit multifamily portfolio consisting of four brick buildings located in Milwaukee's Near West Side neighborhood. The portfolio has a stable occupancy rate, with a low 1.87% vacancy. The buildings are located within a half-mile radius, offering operational efficiencies. The unit mix is diversified, with 86.7% consisting of one-bedroom units. Analysis reveals a potential gross scheduled income (GSI) increase of 15.5%. Operating expense projections yield an expense ratio of 48.92%. The total building size is 73,262 square feet, situated on a 1.68-acre lot. This portfolio offers immediate cash flow and value-add potential, making it an ideal acquisition for investors seeking a presence in the Milwaukee multifamily market.
Location Intelligence

Current Use by Public Records

Residential income homes

Map

City
Milwaukee
County
Milwaukee
State
Wisconsin
Longitude
-87.9342
Latitude
43.0374

FAQs

What type of property is this?
Multifamily property - 120-unit multifamily portfolio, 4 brick buildings in the Near West Side neighborhood of Milwaukee, WI.
Where is this multifamily property located?
The property is located at Near West Side Portfolio Milwaukee, WI.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: Stable occupancy with minimal vacancy ---- 1.87% current vacancy; Diversified unit mix ---- 86.7% one‑bedroom units; Below‑market rents ---- 15.5% potential GSI increase
More about this property
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