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Kilbourn Terrace 2125 W Kilbourn Ave 19 Unit Apartment Building $2,250,000 ($118,421/Unit) 7.40% Cap Rate Milwaukee, WI 53233
INVESTMENT HIGHLIGHTS
- 19 Units
- Electric AC Units
- Unique Mix of Floorplans
- New Roof (2024)
EXECUTIVE SUMMARY
Available individually or as part of The Marquette Portfolio, Kilbourn Terrace is a 19 unit building located in immediate proximity to Marquette University's campus. The property offers a unique mix of floorplans including studios, one, two, and three-bedrooms alongside inviting common areas and an on-site gym. The roof was replaced in 2024. The property offers upside in trimming expenses and continuing to professionally operate.
PROPERTY FACTS
| Price | $2,250,000 | Apartment Style | Low-Rise |
| Price Per Unit | $118,421 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.50 AC |
| Cap Rate | 7.40% | Building Size | 26,226 SF |
| No. Units | 19 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 0.84/1,000 SF |
| Zoning | RM6 | ||
| Price | $2,250,000 |
| Price Per Unit | $118,421 |
| Sale Type | Investment |
| Cap Rate | 7.40% |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.50 AC |
| Building Size | 26,226 SF |
| No. Stories | 3 |
| Year Built | 1965 |
| Parking Ratio | 0.84/1,000 SF |
| Zoning | RM6 |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Microwave
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Carpet
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | - | 530 |
| 1+1 | 3 | - | 550 |
| 2+1 | 6 | - | 800 |
| 2+1.5 | 1 | - | 1,000 |
| 3+1 | 3 | - | 1,050 |
| 3+1.5 | 3 | - | 1,175 |
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Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 389-1552-110-7 | Improvements Assessment | $1,659,000 |
| Land Assessment | $10,500 | Total Assessment | $1,669,500 |
PROPERTY TAXES
Parcel Number
389-1552-110-7
Land Assessment
$10,500
Improvements Assessment
$1,659,000
Total Assessment
$1,669,500
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Kilbourn Terrace | 2125 W Kilbourn Ave
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