Bought with RE/MAX Legacy
$570,000
$585,000
2.6%For more information regarding the value of a property, please contact us for a free consultation.
1950 N 20th St Unit 1958 Milwaukee, WI 53205
10,018 Sqft Lot
Key Details
Sold Price $570,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1698525
Sold Date 11/16/20
Year Built 1926
Annual Tax Amount $11,301
Tax Year 2019
Lot Size 10,018 Sqft
Acres 0.23
Property Description
Double digit Cap Rate! Fantastic 12 unit, tons of recent work including rehabbed 8 car garage, tuck pointing, French drain, new paint and flooring, many new radiators, many new appliances. Spacious 3 bedroom units renting at $795, owner has recently turned over building with fresh tenants, three more to fill. Market rents total $8615 with garage rents to be an additional $400 per month when filled. Owner willing to continue to manage for new buyer if desired. Cap rate of 12% based on pro forma income with 5% vacancy.
Location
State WI
County Milwaukee
Zoning RS6
Rooms
Basement Block, Partial
Interior
Heating Hot Water/Steam, Natural Gas
Cooling Hot Water/Steam, Natural Gas
Flooring No
Exterior
Exterior Feature Brick
Parking Features Indoor Space
Roof Type Rubber,Tile/Slate
Building
Water Municipal Sewer, Municipal Water
Schools
School District Milwaukee
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