RE/MAX Service First
About 2848 W Wisconsin Ave 730 N 29th
TWO BRICK BUILDINGS on 2 tax keys (388200800+3882005100). Total of 63 Units in Downtown Milwaukee's Avenues West Neighborhood (Opportunity Zone #13500). Consists of 2 three-story buildings at the corner of 29th & Wisconsin. 60 of the units are one-bedroom, and 3 units are two-bedroom. This is a solid value-add opportunity because many rents are below market. Features 34 underground parking spaces that are under-utilized. Seller estimates 8.5 CAP today, but 10.5 CAP if owner keeps leasing new tenants at tested, successful higher market rent.
Features of 2848 W Wisconsin Ave 730 N 29th
| MLS® # | 1887663 |
|---|---|
| Price | $3,790,000 |
| Acres | 0.50 |
| Year Built | 1962 |
| Type | Multi Family |
| Status | Active |
Community Information
| Address | 2848 W Wisconsin Ave 730 N 29th |
|---|---|
| City | Milwaukee |
| County | Milwaukee |
| State | Wisconsin |
| Zip Code | 53208 |
Amenities
| Parking Spaces | 34 |
|---|---|
| Parking | Underground Garage, Near Public Transit |
| Is Waterfront | No |
Interior
| # of Stories | 3 |
|---|
Exterior
| Exterior | Brick |
|---|---|
| Lot Description | 81'x149' and 79'x125' |
School Information
| District | Milwaukee |
|---|
Additional Information
| Zoning | RM7 & RM6 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| Data Source | MetroMLS |
Listing Details
| Office | RE/MAX Service First |
|---|