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Charlette Apartments 1027 E Center St 8 Unit Apartment Building $1,300,000 ($162,500/Unit) 7.43% Cap Rate Milwaukee, WI 53212
Executive Summary
Extensively remodeled eight-unit apartment building located at the southwest corner of Center Street and Humboldt Ave, a highly sought after area of Riverwest. Unit mix consists of six (6) 2BR/1BA apartments and two (2) 1BR/1BA apartments. All but one 2BR apartment has been gutted and remodeled with high end materials. Two of the six 2BR apartments have been creatively expanded by using parts of the back hallways. Both 1BR apartments have been refreshed and modernized. Contact Ted to schedule a showing at 414-678-9833.
Property Facts
| Price | $1,300,000 | Building Class | C |
| Price Per Unit | $162,500 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 6,768 SF |
| Cap Rate | 7.43% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment | Parking Ratio | 1.18/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RT4 | ||
| Price | $1,300,000 |
| Price Per Unit | $162,500 |
| Sale Type | Investment |
| Cap Rate | 7.43% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,768 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1928 |
| Parking Ratio | 1.18/1,000 SF |
| Zoning | RT4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 850 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 321-0701-000-8 | Improvements Assessment | $482,600 |
| Land Assessment | $12,000 | Total Assessment | $494,600 |
Property Taxes
Parcel Number
321-0701-000-8
Land Assessment
$12,000
Improvements Assessment
$482,600
Total Assessment
$494,600
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Charlette Apartments | 1027 E Center St
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