• 2813 N 35th St, Milwaukee, WI 53210

For Sale

Multi-Family

For Sale

This property is available for sale
1.58
Acres
$1,650,000
Sale Price
  • Total Building Size
    36,747 RSF
  • Overview

    This thirty two unit duplex portfolio is located between 35th Street and 45th Street just south of the Uptown neighborhood in Milwaukee, WI. Highway 175 is located several blocks to the West and HWY 145 (Fon Du Lac Ave) is several blocks East providing tenants with easy access to arterial roads. SVN is pleased to offer for your investment consideration a 100% fee simple interest in a 16-duplex portfolio of 32-units located in the Uptown neighborhood of Milwaukee, Wisconsin. The duplexes were built in the early 20th Century, are 100% occupied, and within proximity (N 35th - N 45th Streets) providing for management efficiency. A local Family Limited Partnership has owned and operated the portfolio for nearly a decade. This is an opportunity for an investor to purchase a package of extremely well maintained and updated income-producing properties that are part of an iconic neighborhood rich with history of the communities that built Milwaukee. Washington Heights and Uptown are some of the City’s most diverse boroughs. A new owner can cut the loss to lease, bring rents to market, and achieve a 16.16% cash-on-cash return year 1. The average rental rate is presently 17% below Market, so we advise Ownership to increase the average rental rate per unit by approximately $110 strategically over time.

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Property Details

32-UNIT DUPLEX PORTFOLIO | UPTOWN | MILWAUKEE, WI

This thirty two unit duplex portfolio is located between 35th Street and 45th Street just south of the Uptown neighborhood in Milwaukee, WI. Highway 175 is located several blocks to the West and HWY 145 (Fon Du Lac Ave) is several blocks East providing tenants with easy access to arterial roads. SVN is pleased to offer for your investment consideration a 100% fee simple interest in a 16-duplex portfolio of 32-units located in the Uptown neighborhood of Milwaukee, Wisconsin. The duplexes were built in the early 20th Century, are 100% occupied, and within proximity (N 35th - N 45th Streets) providing for management efficiency. A local Family Limited Partnership has owned and operated the portfolio for nearly a decade. This is an opportunity for an investor to purchase a package of extremely well maintained and updated income-producing properties that are part of an iconic neighborhood rich with history of the communities that built Milwaukee. Washington Heights and Uptown are some of the City’s most diverse boroughs. A new owner can cut the loss to lease, bring rents to market, and achieve a 16.16% cash-on-cash return year 1. The average rental rate is presently 17% below Market, so we advise Ownership to increase the average rental rate per unit by approximately $110 strategically over time.

  • Property Type
    Multi-Family
  • Submarket
  • Sale Price
    $1,650,000
  • Total Building Size
    36,747RSF
  • Total Acres
    1.58
  • Sale Status
    Available
  • Property ID
    2174060