Source:
Wisconsin Real Estate Exchange (WIREX)
MLS#715764633002
About the Property
Exceptional opportunity to acquire a fully renovated 5-unit apartment building in the heart of Bay View, one of Milwaukee’s most desirable rental neighborhoods. The property features four renovated long-term apartments plus one furnished 2-bedroom unit currently operating as a successful Airbnb, offering flexibility for short-term, mid-term, or traditional long-term rental strategies. Current long
Exceptional opportunity to acquire a fully renovated 5-unit apartment building in the heart of Bay View, one of Milwaukee’s most desirable rental neighborhoods. The property features four renovated long-term apartments plus one furnished 2-bedroom unit currently operating as a successful Airbnb, offering flexibility for short-term, mid-term, or traditional long-term rental strategies. Current long term rents reach $1,850/month, with recent comparables supporting additional rental upside. Tenants pay gas and electric, with all units separately metered. Recent improvements include a new roof (2017), exhaust vents (2023), modernized interiors, updated kitchens, stainless steel appliances, and contemporary finishes throughout. Off-street parking and onsite laundry. Conveniently located near Kinnickinnic Avenue, South Shore Park, downtown Milwaukee, restaurants, shopping, and Lake Michigan.
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