Bought with Thomas J Martin • Keller Williams Prestige
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1855 N Humboldt Unit B Milwaukee, WI 53202
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Key Details
Sold Price $1,100,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Hubbard And Pearson Add'N
MLS Listing ID 1683805
Sold Date 10/01/20
Year Built 1875
Annual Tax Amount $14,299
Tax Year 2019
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions Two parcels totaling .172
Property Description
Fantastic opportunity for income producing property with many options available to the next lucky investor. The 1855 Humboldt Ave Compound is comprised of 11 rental units in 4 buildings across 2 adjacent properties. Property is sold fully furnished with brand new appliances and fixtures. Gross monthly rent totals ~$23,000, with a cap rate of 13%. Owner is selling to fund property on West Coast. Unit mix is 1-1bd/1ba, 6-2bd/1ba, 1-2bd/2ba, 1-3bd/2ba 1-5bd/2ba and 1-6bd/2ba. A sizable and modern single family home provides additional options for an on-site owner/investor. 5 min to Downtown! Some units are rented Long-Term, and others rented short term/airbnb. Contact listing agent for specifics on each unit.
Location
State WI
County Milwaukee
Zoning RT4
Rooms
Basement Block, Brick, Full, Laundry Facilities, Walk Out/Outer Door
Interior
Heating Central Air, Forced Air, Indiv. Heating Units, Natural Gas
Cooling Central Air, Forced Air, Indiv. Heating Units, Natural Gas
Flooring No
Exterior
Exterior Feature Aluminum Trim, Partial-Aluminum, Partial-Brick, Partial-Vinyl, Partial-Wood, Vinyl, Wood
Parking Features Near Public Transit, None
Roof Type Composition
Building
Water Municipal Sewer, Municipal Water
Schools
Elementary Schools Cass Street
Middle Schools Lincoln
High Schools Riverside
School District Milwaukee
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