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Listed by Anna M Cihla SNSHN Realty LLC
$ 725,000
Est. payment /mo
Contingent
8708 W Villard Ave Milwaukee, WI 53225
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID 1963372
Year Built 1961
Acres 0.44
Property Sub-Type Multi-Family
Property Description
Well maintained 8 unit multifamily property with strong cash flow and upside potential. Current rents total $6,970/month, with tenants responsible for gas, electric, heat, and water, keeping operating expenses low. Major capital improvements include a new roof (2019), white vinyl thermal seal windows (2023), and all new furnaces (2024). One unit is vacant and ready for immediate occupancy, and market rents support a rent roll of $8,000+/month. Several units have been updated in the last few years with LVP flooring, refreshed kitchens, paint, and bathroom improvements. Additional on site coin operated laundry, storage units, and outdoor parking spaces provide convenience for tenants. Great opportunity to add to your portfolio.
Location
State WI
County Milwaukee
Zoning RM1
Direction Corner of 87th and Villard
Rooms
Basement Block, Full
Interior
Inclusions 8 stove/ovens, 8 refrigerators
Exterior
Parking Features Near Public Transit, Outdoor Space
Exclusions Seller and tenant personal property. Coin operated washing machine and dryer are leased from WASH.
Building
Sewer Municipal Sewer
Water Municipal Water
Structure Type Brick
Schools
School District Milwaukee
Others
Tax ID 1860405100
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