7230 W Lakefield Dr Milwaukee, WI 53219

Building Details

Year Built

1957

Listing office BOLD REALTY Show Phone

Listing date Apr 2, 2025

Source Exitrealty

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Investment Insights

Based on property information with market context.

This is a meticulously maintained 4-unit apartment building located in a quiet Milwaukee neighborhood. Constructed in 1957, the property features spacious 2-bedroom, 1-bath units. Each unit includes eat-in kitchens, individual furnaces and water heaters, central air, and basement storage lockers. The building has separate utilities for each unit, simplifying management. Tenants benefit from off-street parking with 5 spaces. Resident-owned washers and dryers provide added convenience. The building has a newer 3-year-old roof. The property currently generates $4,367 per month in rent and has a strong rental history and solid upside potential.

Key Highlights

• Strong rental income: Currently generating $4,367/month.
• Separate utilities for each unit: Simplifies management and billing.
• Individual furnaces, water heaters, and central air: Tenant‑friendly amenities.

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FAQs

What type of property is this?

Quadplex - Well-maintained 4-unit apartment building with tenant-friendly amenities and upside potential.

Where is this quadplex located?

The property is located at 7230 W Lakefield Dr Milwaukee, WI.

What is the asking price?

The asking price for this property is $525,000.

What are key features of this property?

This property features: Strong rental income: Currently generating $4,367/month.; Separate utilities for each unit: Simplifies management and billing.; Individual furnaces, water heaters, and central air: Tenant‑friendly amenities.