Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 1410 72Nd St
- Property type
- Retail properties & Spaces
- Property subtype
- Apartment buildings
Description
Exceptional investment opportunity in West Allis, Wisconsin, presents a mixed-use property ideally situated at 1410 S 72nd St, 53214. This Class B building boasts a compelling 8.54% cap rate, generating a strong net operating income (NOI) of $149,384. The property encompasses 12,888 square feet and features ten residential units – eight studios, one one-bedroom, and one two-bedroom apartment – along with four commercial spaces, totaling 12,672 square feet. Five basement storage units provide additional income streams. Recent upgrades include a new roof (July 2024), new carpet and paint in the second-floor common areas, and energy-efficient windows in all second-floor apartments. Exterior painting (east and south walls) was completed in August 2024. The property benefits from its location within the West Allis BID District, providing access to numerous community events and its proximity to public transportation, shopping, and dining. Ample parking is available in nearby city-owned lots. The property is zoned C-2, offering flexibility for future development. Currently operating at 100% occupancy, this turnkey investment presents a rare opportunity for immediate cash flow and long-term appreciation. The asking price is $1,750,000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- West Allis
- County
- Milwaukee
- State
- Wisconsin
- Longitude
- -88.0024
- Latitude
- 43.0167
