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Listed by William Backes Compass RE WI-Tosa
$ 425,000
Est. payment /mo
New
618-620 S Hawley Rd Milwaukee, WI 53214
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1977547
Year Built 1885
Acres 0.31
Property Sub-Type Multi-Family
Property Description
One parcel, two buildings, five units: approx. $49,400 gross income with below-market rents and upside at turnover. Over $115,000 in documented capital improvements since 2019: three units remodeled (kitchens, baths, flooring, lighting), two high-efficiency furnaces, engineered foundation repair, relined sewer lateral, rebuilt garage structure, new precast exterior stairs. The heaviest investments are behind it; what remains is cosmetic. Hold as-is as a producing asset or add value on your timeline. Four-unit apartment building plus a detached 3BR bungalow: live in the house while four units pay the bills. Established tenants, off-street parking. Financials and improvement list available.
Location
State WI
County Milwaukee
Zoning RM1
Direction Hawley Rd over I-94 is closed for construction. Exit I-94 at Mitchell Blvd, S to W National Ave, W to S Hawley Rd, N to property.
Rooms
Basement Full
Interior
Inclusions (5) Refrigerators, (5) Ovens/Ranges, (1) Dishwasher
Exterior
Parking Features Near Public Transit, Outdoor Space
Exclusions Tenants Personal Property
Building
Sewer Municipal Sewer
Water Municipal Water
Structure Type Aluminum Siding,Vinyl
Schools
School District Milwaukee
Others
Tax ID 4210501000

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