Bought with Riverwest Realty Milwaukee
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2717 N Pierce St Unit 2721 Milwaukee, WI 53212
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Key Details
Sold Price $495,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1904015
Sold Date 02/20/25
Year Built 1922
Annual Tax Amount $9,160
Tax Year 2024
Lot Size 6,534 Sqft
Acres 0.15
Property Description
This was almost not listed, because I wanted to buy it before it hit market. Unfortunately not in the cards for me at this time -- my loss is your gain. 6 total units generating $4,725 per month in base rents with a good amount of juice to squeeze to get to current market rent tolerances. Potential for even more with unit improvements. Huge 3/3 duplex and a 4 unit of 1-beds on one parcel. Separate heat, metered utilities and pass through water/sewer expenses keep costs uncommonly low for Landlord. Outstanding location across from Riverwest Elementary and Riverwest Farmers Market location. Opportunities to add value and increase income around every corner, but able to continue cash flowing as-is. Great stepping stone for the growing investor.
Location
State WI
County Milwaukee
Zoning RT4
Rooms
Basement Brick, Full
Interior
Heating Natural Gas
Cooling Natural Gas
Flooring No
Exterior
Exterior Feature Partial-Wood, Vinyl
Parking Features Near Public Transit, Outdoor Space
Building
Water Municipal Sewer, Municipal Water
Schools
School District Milwaukee
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