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5 Single Family Property Portfolio 2121 N 24th Pl

5 Unit Apartment Building $1,040,736 CAD ($208,147 CAD/Unit) 8.21% Cap Rate Milwaukee, WI 53205

Investment Highlights

  • Comprising 5 stabilized residential properties, each with a blend of 3 bedrooms and 1 or 2 bathrooms, this portfolio embodies diversity & stabilities
  • This is a turnkey solution for investors seeking a blend of immediate cash flow and long-term growth potential in a dynamic urban setting.

Executive Summary

Discover the Exceptional Investment Opportunity: 5-Property Portfolio in Milwaukee, WI
Step into the world of astute investment with our exclusive 5-property portfolio located in the vibrant heart of Milwaukee, Wisconsin. Spanning a total of 6,708 square feet, this meticulously curated collection of properties represents a unique opportunity to capitalize on Milwaukee's thriving rental market. With an attractive asking price of $740,000, this portfolio is poised to deliver compelling financial performances and substantial value growth over time. Each property, built in 2004 or later, combines modern design with functionality, catering to the contemporary needs of tenants.
Key Highlights:
• Modern Properties: Each property in this portfolio was constructed in 2004 or later, ensuring that tenants enjoy the benefits of modern architecture and up-to-date amenities. This not only enhances the appeal of the properties but also minimizes maintenance and capital expenditure requirements.
• Strategic Selection: Comprising five stabilized residential properties, each with a blend of three bedrooms and one or two bathrooms, this portfolio embodies diversity and stability. The properties are situated at prime locations including 2121 N 24th St, 2440 N 33rd St, 2555 N 33rd St, 2164 N 36th St, and 2029 N 28th St, ensuring high demand and consistent rental income.
• Robust Financial Performance: Projected to generate an impressive rental income starting from $90,600 in year one and escalating significantly, the portfolio is designed for long-term profitability.
• Attractive Investment Metrics: Starting with a capitalization rate of 9% in year one and showing steady growth, the portfolio demonstrates solid investment fundamentals. The cash on cash return and internal rate of return metrics also indicate a healthy and growing investment.
• Prime Location and Quality: The properties are not just numbers on a page; they are well-maintained residences that appeal to a broad tenant base. This is a turnkey solution for investors seeking a blend of immediate cash flow and long-term growth potential in a dynamic urban setting.
Investment Summary:
This 5-property portfolio offers a compelling blend of immediate rental income and significant long-term growth potential in Milwaukee, WI. With a strategic mix of modern, post-2004 properties, robust financial projections, and an attractive price point, this portfolio represents an outstanding opportunity for investors looking to expand their real estate holdings with confidence. Unlock the potential of Milwaukee's real estate market with this exceptional investment opportunity.

Financial Summary (Actual - 2023) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $1,040,736 CAD
Price Per Unit $208,147 CAD
Sale Type Investment
Cap Rate 8.21%
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.08 AC
Building Size 1,176 SF
Average Occupancy 100%
No. Stories 1
Year Built 2020
Opportunity Zone Yes

zoning

Zoning Code RT4 (Residential)
RT4 (Residential)
  • Listing ID: 30841030

  • Date on Market: 2024-02-01

  • Last Updated:

  • Address: 2121 N 24th Pl, Milwaukee, WI 53205

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