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    2962 Delaware Ave Milwaukee, WI 53207

    Sponsored
    For Sale
    $609,000

    Fully furnished Airbnb triplex, prime location.

    Property size:
    3,455 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Investors, seize this exceptional opportunity to acquire a fully furnished, three-unit apartment building in Milwaukee's desirable Bayview neighborhood. This Class B property, built in 1915, boasts 3,455 square feet on a 0.08-acre lot (APN: 5030935000) and is zoned for residential use. Currently operating as successful Airbnbs with bookings extending into October, this triplex offers immediate income potential. The property includes a four-bedroom unit, a three-bedroom unit, and a one-bedroom unit, each featuring a full bathroom and private washer/dryer. Recent updates have been completed throughout. A fully fenced backyard/patio and a 2.5-car garage provide ample outdoor space and off-street parking. Its prime location places it within easy reach of the lakefront, South Shore Park, and all the amenities Bayview offers. The asking price is $609,000, translating to $179 per square foot. This turnkey investment presents a unique chance to continue operating as short-term rentals or transition to long-term rentals. Detailed renovation records are available upon request.

    Property Features for 2962 Delaware Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,455 SF
    Class
    B
    Lot Size
    3,485 SF

    Building Details

    Year Built
    1915
    Units
    3

    HighLights

    • $609,000 asking price for this Milwaukee, WI multifamily investment property.
    • 3‑unit, Class B apartment building totaling 3,455 square feet.
    • Located at 2962 S Delaware Ave, Milwaukee, WI 53207, on a 0.08‑acre lot (APN: 5030935000).
    • Currently operating as fully furnished Airbnbs, with bookings through October.
    • Features a 4BR/1BA, 3BR/1BA, and 1BR/1BA unit, each with private washer/dryer.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.8807868
    Latitude
    42.9902868

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    FAQs

    What type of property is this?
    Multifamily property - Fully furnished Airbnb triplex, prime location.
    Where is this multifamily property located?
    The property is located at 2962 Delaware Ave Milwaukee, WI.
    What is the asking price?
    The asking price for this property is $609,000.
    What are key features of this property?
    This property features: $609,000 asking price for this Milwaukee, WI multifamily investment property.; 3-unit, Class B apartment building totaling 3,455 square feet.; Located at 2962 S Delaware Ave, Milwaukee, WI 53207, on a 0.08-acre lot (APN: 5030935000).
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2962 Delaware Ave Milwaukee, WI 53207
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