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2276 N 94th St 4 Unit Apartment Building $498,000 ($124,500/Unit) 4.21% Cap Rate Wauwatosa, WI 53226
Executive Summary
Prime Wauwatosa 4-unit with parking and a supreme location a block off the Parkway. Clad in Lannon Stone with an attached garage and driveway, this opportunity features 4 FULLY LEASED studio units, 3 of which have been recently renovated. This building runs very lean for a 4 unit: with no basement or interior common areas, municipal trash collection & separate electric panels. Room to add value and find opportunity everywhere you look on this one by; reinstating utility pass throughs at lease negotiation time, rents are very low for the geography and unit finish, the garage and even the surface spaces in the driveway could be income sources. With Froedtert and MCW very nearby, this is a great candidate for furnished rental to the traveling nurse/physician segment of the rental market. Co-Listed by Dan Mickelsen. Contact Dan with questions at 808-457-8433.
Property Facts
| Price | $498,000 | Building Class | C |
| Price Per Unit | $124,500 | Lot Size | 0.10 AC |
| Sale Type | Investment | Building Size | 1,584 SF |
| Cap Rate | 4.21% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1951 |
| Property Subtype | Apartment | Parking Ratio | 1.26/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | DD Eight Family | ||
| Price | $498,000 |
| Price Per Unit | $124,500 |
| Sale Type | Investment |
| Cap Rate | 4.21% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 1,584 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1951 |
| Parking Ratio | 1.26/1,000 SF |
| Zoning | DD Eight Family |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
1 1
Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (87)
Property Taxes
| Parcel Number | 341-0001-000 | Improvements Assessment | $150,000 |
| Land Assessment | $100,000 | Total Assessment | $250,000 |
Property Taxes
Parcel Number
341-0001-000
Land Assessment
$100,000
Improvements Assessment
$150,000
Total Assessment
$250,000
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2276 N 94th St
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