$779,000
2450 N Cramer St,
Milwaukee WI, 53211
Description
Fantastic turn-key investment on Milwaukee's East Side! Just three blocks from North Ave and N Farwell Ave. Perfect for an investor or owner occupant looking for cash flow. This five-unit building features one three-bedroom, two-bathroom unit, two two-bedroom, one-bathroom units, and two one-bedroom, one-bathroom units, a yard and four-car, detached garage. The building is fully occupied with long-term tenants on one-year leases. Highlights include new roof (2015), new drain tile and sump pumps (2017), two new retaining walls (2017), and new copper plumbing in the basement (2019). Tenants pay a prorated share of water, gas, and electric. This property boasts a cap rate of 5.7% and an unbeatable location and rental history. Don't miss out!
Details
| MLS# | 1711034 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1890 |
| Days On Site | 127 |
Features
| Units | 5 |
|---|---|
| Building(s) | 1 |
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| Area Information | |
|---|---|
| State | WI |
| County | Milwaukee |
| City | Milwaukee |
| Zip Code | 53211 |
| Area | Milwaukee |
| Listing VS Median (in 53211) | |
Price: $779,000 low | high Med: $349,000 On Site: 127 low | high Med: 12 | |
Listing Updated: January 27, 2021 8:05:44 PM PST
MLS Number: 1711034Listing Provided By:
Michael J Sopko of Contero Real Estate LLC