Sold
9040 N 85th St 9050, 9060
Milwaukee WI, 53224
$3,350,000
Sold
Condo
Built in 1978
Courtesy of Compass RE WI-Northshore, 4142139014
47 near-identical condo units between 3 buildings. The majority of units have been updated within the last 3 years with LVP, updated counters, cabinets, bathroom fixtures and a modern/durable paint scheme. The exterior was painted 4 yrs ago. The buildings are fully leased with over 1/3rd of tenants paying above $825/mo and over 1/4th of tenants paying all utilities. There is ample parking and a 4 car garage. Storage units and coin-operated laundry in basement. This is a unique opportunity to rent multiple condo units as an efficient multi-family (as it has been done for years) or execute a lease-to-own operation at sale and in one location. The property has been stabilized over the past few years and this is a turn-key operation with equity and cash-flow upside.
1794857
MLSⓇ ID
May 26, 2022
Listed
October 1, 2024
Updated
Map
9040 N 85th St 9050, 9060
Milwaukee WI, 53224
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Forced Air, Natural Gas
Exterior/Building Features
Lot Size
2.64 Acres
Sewer
Public Sewer
School Information
School District
Milwaukee
Other Property Details
Area Name
Milwaukee
Taxes
$50,774
Tax Frequency
Annually
Garage
No
View
No
County
Milwaukee
Water Source
Public
Pool
No
Zoning
RM1
Courtesy of Compass RE WI-Northshore
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