Multifamily Apartment
1328 West Greenfield Avenue Milwaukee, WI 53204
1328 West Greenfield Avenue, Milwaukee, WI, 53204
$1,000,000
For Sale
$1,000,000
For-sale apartment building with tenant-paid utilities, strong electrical service, and about 23 private parking spaces.
Days on Market26
Property Features for 1328 West Greenfield Avenue
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing Agency
(773) 293-5067
Listed by
Luis Robles · License #59612-90
Source
Kisergroup
Added: Jun 23 Checked: Jul 17 at 4:29 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Luis Robles
Investment Insights
Based on property information with market context.
This for-sale multifamily apartment building features tenant-paid electric and heat, supporting straightforward operating expense responsibility. The building has a strong electrical setup with 400A service to the building and 100A per unit. Onsite parking is provided in a private lot with approximately 23 spaces, which helps accommodate residents and day-to-day needs.
The property is located at 1328 West Greenfield Avenue in Milwaukee, WI 53204. Current rents have been renewed at $1,100 per month, noted as still below the stated in-place market high of $1,250 per month. The current cap rate is reported at 4.57%, which the remarks specify is reflective of three vacant units, and a broker pro forma cap rate is also provided at 9.25%.
For investors and buyers evaluating multifamily assets, this offering may appeal for its tenant-paid utility structure and documented electrical capacity, along with the convenience of on-site private parking. The stated rental posture and the presence of vacant units are key considerations for underwriting, particularly in modeling stabilized income and expenses based on the provided rent figures.
The property is located at 1328 West Greenfield Avenue in Milwaukee, WI 53204. Current rents have been renewed at $1,100 per month, noted as still below the stated in-place market high of $1,250 per month. The current cap rate is reported at 4.57%, which the remarks specify is reflective of three vacant units, and a broker pro forma cap rate is also provided at 9.25%.
For investors and buyers evaluating multifamily assets, this offering may appeal for its tenant-paid utility structure and documented electrical capacity, along with the convenience of on-site private parking. The stated rental posture and the presence of vacant units are key considerations for underwriting, particularly in modeling stabilized income and expenses based on the provided rent figures.
Key Highlights
- Current rents renewed at $1,100/month, below in‑place market high of $1,250/month
- Tenant‑paid electric and heat
- Strong electrical service: 400A to the building and 100A per unit
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FAQs
What type of property is this?
Apartment building - For-sale apartment building with tenant-paid utilities, strong electrical service, and about 23 private parking spaces.
Where is this apartment building located?
The property is located at 1328 West Greenfield Avenue Milwaukee, WI.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Current rents renewed at $1,100/month, below in‑place market high of $1,250/month; Tenant‑paid electric and heat; Strong electrical service: 400A to the building and 100A per unit
