Sold

9040 N 85th St 9050, 9060

Milwaukee WI, 53224

$3,350,000


$29.13 per sqft

Sold

114,998 sqft

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

February 15, 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

IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is supplied by seller and other third parties and has not been verified. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Corcoran Realty & Co shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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