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Listed by Andrew Schramm Michael J. Schramm
$ 799,000
Est. payment | /mo
4,047 SqFt
$ 799,000
Est. payment | /mo
4,047 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,047 sqft
Price per Sqft $197
MLS Listing ID 1956101
Year Built 1895
Acres 0.14
Property Sub-Type Multi-Family
Property Description
Grand Victorian in heart of Historic Water Tower Neighborhood between Downer and Lake Drive. Licensed as a rooming house since 1943, 11 units generate significant cash flow. Most original details intact and the property has undergone significant interior and exterior repairs and upgrades focusing on operating and maintenance efficiency. Over $350k of upgrades/repairs including all roofs, siding, soffits, railings, gutters/downspouts, high efficiency boiler system, partial windows, laundry room, bathrooms, kitchens, nearly all units, and all common areas. Units include 7 one-room, 3 two-room, and a 1 BD manager's apartment offering options for area residents, students, and working adults in this ideal location East of Downer Ave.
Location
State WI
County Milwaukee
Zoning RS5
Direction Downer Ave to Park Place, one block East to Hackett Ave. On Corner of Park and Hackett.
Rooms
Basement Full
Interior
Inclusions 4 ranges, 6 refrigerators, 4 coin op laundry machines
Exterior
Parking Features None
Exclusions Tenants' and Sellers' personal property.
Building
Sewer Municipal Sewer
Water Municipal Water
Structure Type Low Maintenance Trim,Vinyl,Wood
Schools
School District Milwaukee
Others
Tax ID 3170326000
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