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Turnkey 3-unit multifamily in Milwaukee's south side featuring classic Lannon stone construction and strong cash flow potential. This fully occupied triplex offers three 2BR/1BA units totaling ~2,326 sq ft, plus a detached 3-car garage. Extensive 2023 renovations (~$112K) include LVP flooring, updated kitchens and baths, new lighting, fresh paint, and electric baseboard heat throughout. Tenants pay utilities, providing efficient operations. Current rents total $2,810/month with upside and flexible lease expirations for owner-occupants. Stabilized pro forma NOI ~$14K+. Convenient location near downtown, schools, and transit. Ideal for investors or house hackers seeking value-add and steady income. Perfectly located in the sought-after Mitchell Park neighborhood, just minutes from the HWY.
| LAST UPDATED | Login to view Last Updated | YEAR BUILT | 1909 |
|---|---|---|---|
| COUNTY | Milwaukee | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| BASEMENT | Block, Full, Yes |
|---|---|
| CONSTRUCTION | Stone, Vinyl Siding, Wood Siding |
| LOT | 5227 sq ft |
| LOT DESCRIPTION | Waterfront |
| LOT DIMENSIONS | 0.12 |
| SEWER | Public Sewer |
| WATER | Public |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Pond |
| ZONING | RT4 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
Listed with Coldwell Banker Realty
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