$850,000
Multi Family In Menomonee Falls
- 7 Beds
- 2 Baths
- 5,274 Sqft
- 10,890 Sqft lot
- Updated: Yesterday
- Source: Wisconsin Real Estate Exchange (WIREX) MLS#716867182200
About the Property
Rare Opportunity in heart of Menomonee Falls, WI. RESTAURANT BUSINESS IS REMAINING AND NOT PART OF THE SALE. Mixed use building in downtown Menomonee Falls, WI. Anchor tenant is Restaurant / Bar that has been in business 60 + years. Four apartments (3 bedroom / 2 Bedroom / 1 Bedroom / Studio) and Garage with office combine for multiple income streams. Three of the four apartments have been remodel
Rare Opportunity in heart of Menomonee Falls, WI. RESTAURANT BUSINESS IS REMAINING AND NOT PART OF THE SALE. Mixed use building in downtown Menomonee Falls, WI. Anchor tenant is Restaurant / Bar that has been in business 60 + years. Four apartments (3 bedroom / 2 Bedroom / 1 Bedroom / Studio) and Garage with office combine for multiple income streams. Three of the four apartments have been remodeled in the last 5 years. Apartments rent within DAYS. Within 100 yards of two large high end apartment complexes and multiple retail centers. PRICED TO SELL AT TODAY’S 8.6 CAP RATE with strong potential upside. Short term rentals a possibility due to historic nature of building and zoning and location. Strong Cash flow with significant upside.
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Property type
Other
-
Year built
1920
-
Price/sqft
$161
Features
- Garage
- Renovated
- Investment Property
- Office
- Bar
Explore the Area
N91W16356 Pershing AVENUE, Menomonee Falls, Wisconsin, United States
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Last updated
Yesterday
First listed
October 27
Listing reference
716867182200
Listing status
IDX information is provided exclusively for consumers’ personal non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed by the MLS.
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