Bought with Ogden & Company, Inc.
$545,000
$575,000
5.2%For more information regarding the value of a property, please contact us for a free consultation.
6,608 SqFt
SOLD DATE : 01/20/2023
Key Details
Sold Price $545,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 6,608 sqft
Price per Sqft $82
MLS Listing ID 1818399
Sold Date 01/20/23
Year Built 1962
Annual Tax Amount $11,076
Tax Year 2021
Lot Size 0.330 Acres
Acres 0.33
Lot Dimensions .33
Property Description
GREAT Investment Opportunity-High 9.94 cap rate & just blocks from the LAKEFRONT in St. Francis!!! Very visible, oversized, 7 unit multi-use commercial building (currently used as 6). It has 4 retail spaces & 2 apartments w/ over 6,600 sq ft. in total. This property has a lot of potential for an investment or business owner. 2nd level has 2 VERY large apartments, 3 Bedrm/2 Bath & 2 Bedrm/1 Bath, both occupied & each with in-unit laundry. Updates include: Newer Furnaces/Water heater & mechanical units in the past few years, garage roof (tear off) 3/22 & more. This property also includes customer parking in front & additional business owner/tenants parking in back w/ a 2.5 car det. garage. It is conveniently located to all amenities, expressway & lake. Please don't disturb current tenants.
Location
State WI
County Milwaukee
Zoning Commercial
Rooms
Basement Block, Full
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 Brick, Partial-Aluminum, Partial-Brick, Partial-Stone, Steel, Stone
Garage Spaces 10.0
Roof Type Composition
Building
Water Municipal Sewer, Municipal Water
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