Bought with Wiechmann Realty
$462,500
$450,000
2.8%For more information regarding the value of a property, please contact us for a free consultation.
5501 W Morgan Ave Milwaukee, WI 53220
10,454 Sqft Lot
Key Details
Sold Price $462,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1811916
Sold Date 11/01/22
Year Built 1960
Annual Tax Amount $6,949
Tax Year 2021
Lot Size 10,454 Sqft
Acres 0.24
Property Description
Long time owner selling adjacent brick 4 unit buildings. All 2 bedroom/1 bath units, fully occupied with many 10+ year long term tenants. Gross income for each building is $3000/month with very possible room for increase. Separate mechanicals for each unit (newer furnaces, central air units, water heaters, and electrical panels-2021). Full basement with laundry, storage lockers, sump pump, and egress window. Vinyl windows, dimensional roofs, 9 total outdoor parking spaces, 3 car detached garage (currently used for storage) plus patio areas. Rare opportunity to control 8 units in prime southside corridor. Call today!
Location
State WI
County Milwaukee
Zoning RM1
Rooms
Basement Block, Full
Interior
Heating Forced Air, Natural Gas
Cooling Forced Air, Natural Gas
Flooring No
Exterior
Exterior Feature Brick
Parking Features Indoor Space, Outdoor Space
Building
Water Municipal Sewer, Municipal Water
Schools
School District Milwaukee
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