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Listed by SNSHN Realty LLC
$ 1,175,000
Est. payment | /mo
2,178 Sqft Lot
$ 1,175,000
Est. payment | /mo
2,178 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1917218
Year Built 1896
Annual Tax Amount $14,221
Tax Year 2024
Lot Size 2,178 Sqft
Acres 0.05
Property Description
Prime Milwaukee downtown multi family investment Opportunity for a 17 bedroom licensed rooming house. Blocks from the lake and downtown. This centrally located multifamily property features four spacious units/floors totaling 17 bedrooms and 7 bathrooms. The building is currently rented by the floor to tenants, but holds a rooming house license, allowing for flexibility to maximize income by leasing individual rooms. Each floor features dedicated central air and a common laundry facility is in the basement with dedicated sets of washer and dryer for each floor. Tenants pay utilities and renters insurance. Rooming house market rent is ~$600-700/bed. This is a rare opportunity to acquire a versatile, income-producing asset in a high-demand location with room to grow revenue!
Location
State WI
County Milwaukee
Zoning C9A(A)
Rooms
Basement Full
Interior
Heating Natural Gas
Cooling Natural Gas
Flooring No
Exterior
Exterior Feature Brick
Parking Features None
Building
Dwelling Type Apartment Building,Rooming House
Water Municipal Sewer, Municipal Water
Schools
School District Milwaukee
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426 2nd Ave S, Onalaska, WI, 54650, United States