505 20Th St Milwaukee, WI 53233

Property Details for 505 20Th St

Property size

8,800 SF

Property type

Residential income homes

Description

This exceptional investment opportunity presents a portfolio of four buildings comprising eight rental units, totaling 8,800 square feet, situated in Milwaukee, Wisconsin. The portfolio includes a mix of one, two, three, and even a five-bedroom unit, catering to a diverse range of tenants. Located in the heart of Milwaukee, near Marquette University, these properties benefit from high student occupancy rates and convenient access to downtown and major freeways. The current Net Operating Income (NOI) stands at $122,674, with a pro-forma NOI of $102,799. The properties are strategically located near Marquette University, which boasts a substantial student population of 11,373 students in the fall of 2023, ensuring consistent demand. Milwaukee itself is a thriving city with over 575,000 residents, providing a robust rental market. The asking price for this fully stabilized, debt-free portfolio is $1,600,000. This represents a compelling investment opportunity in a high-demand location with a proven track record of strong rental income. The properties are conveniently located near major freeways, providing easy access to downtown Milwaukee's universities and economic center. This portfolio offers a unique chance to acquire a stable and profitable multifamily investment in a rapidly growing urban area. The properties are located at 505 N 20th St, 507 N 20th St, 509 N 20th St, 2016 W Clybourn St, and 2020 W Clybourn St, all within Milwaukee, WI 53233. The two-story buildings offer a mix of unit sizes to accommodate various tenant needs.