$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 TypeFor Sale
Sub-TypeResale
StatusActive
Year1890
Days On Site68

Features

Units5
Building(s)1
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Area Information
StateWI
CountyMilwaukee
CityMilwaukee
Zip Code53211
AreaMilwaukee
Listing VS Median (in 53211)
Price:
$779,000
low | high
Med:
$370,000
100% of Average
On Site:
68
low | high
Med:
12
100% of Average
Listing Updated: November 28, 2020 8:06:50 PM PST
Michael J Sopko LogoMLS Number: 1711034
Listing Provided By:
Michael J Sopko  of  Contero Real Estate LLC
Listing data provided by Metro MLS. Copyright 2020, Multiple Listing Service, Inc. Information is supplied by seller and other third parties and has not been verified. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing