8702 W Capitol Dr Milwaukee, WI 53222

Listing agency CAP Investment Realty, LLC

Listed by Bryan Caprioli · License #WI

Source Crexi

Added: Apr 12 Updated: Jul 21 at 12:35AM Checked: Jul 21 at 7:06AM

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Investment Insights

Based on property information with market context.

This brick apartment building is currently 100% leased and configured with four 3-bedroom, 1-bath units along with a secluded 1-bedroom, 1-bath unit located in the rear of the building. The property also has potential for a possible additional sixth unit in the lower level, supported by an egress window.

Improvements include newer windows, individual furnaces replaced in 2015, and freshened common areas. Residents pay for heat, gas, and electric, while the owner pays for water/sewer and common electric.

The building’s current rents are described as below market, and the offering notes comparable 3-bedroom units renting for $1,150+ in the area. Buyer will need to cooperate with the Sellers’ 1031 exchange.

Key Highlights

• Five‑unit brick apartment building is 100% leased
• Unit mix includes four 3‑bedroom/1‑bath units plus a rear 1‑bedroom/1‑bath unit
• Individual furnaces were replaced in 2015; newer windows and freshened common areas

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FAQs

What type of property is this?

Apartment building - Five-unit brick apartment building is 100% leased, featuring four 3-bedroom units plus one rear 1-bedroom unit.

Where is this apartment building located?

The property is located at 8702 W Capitol Dr Milwaukee, WI.

What are key features of this property?

This property features: Five‑unit brick apartment building is 100% leased; Unit mix includes four 3‑bedroom/1‑bath units plus a rear 1‑bedroom/1‑bath unit; Individual furnaces were replaced in 2015; newer windows and freshened common areas