$799,000

5011 W Fond Du Lac Ave

Milwaukee WI, 53216

Description

Hard to find Investor's dream income property showing consistently 9 or higher cap rate,located in the One of the busiest and most desirable business corridor in the north side of Milwaukee only become available due to owner's retirement.Over 13,000 sf of highly visible corner building consist of fully occupied 6 separate business rental units next to public bus stop close to busiest shopping center in the most desirable retail business location in the north side of milwaukee,almost guarantee full occupancy at any given time.Current owner owned this building for 15 years and never had a vacancy more than a month.Current tenants consist of Nailshop(over 20 years),Furniture store(over 10 years),Used appliance(over 6 years),Goldshop(over 10 years),Beauty salon(6 month),Smokeshop(NEW),HURRY

Details

MLS#1631071
Sub-TypeResale
StatusActive
Year1946
Days On Site240

Features

SQ Feet13,544
Story(s)1
ZoningLB2 Commercial

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Area Information

StateWI
CountyMilwaukee
CityMilwaukee
Zip Code53216
AreaMilwaukee
Listing VS Median (in 53216)
Price:
$799,000
low | high
Med:
$106,450
100% of Average
SqFt:
13,544
low | high
Med:
679
100% of Average
$ / SqFt:
$59
low | high
Med:
$39
83.905341913031% of Average
On Site:
240
low | high
Med:
10
100% of Average
Listing Updated: 12/06/2019
MLS Number: 1631071
Listing Provided By:
Yoon soo Kim  of  RE MAX Lakeside-27th

Listing data provided by Metro MLS. Copyright 2019, 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.