939 N 24th St
Milwaukee, WI 53233
Multifamily Property For Sale · 64 Units

5 rooming boarding homes, 95% occupied at all times, month to month rental but most have been there for years. Value add property is in an Opportunity Zone, of Milwaukee's BID #10 (business improvement district) also known as the Near West side where this property lies in the Avenues West neighborhood. Great Cash flow's but property needs some attention. If remaining a rooming boarding house, yearly licenses are required. Great Rehab or Redevelopment project. 939 N 24th st information Boarding/rooming house’s each unit =a room There are 64 furnished rooms on 5 parcel 939 N 24th st has 12 units and is assessed at $62,902 and has 2102 SF 947 N 24th has 11 units and is assessed at $68,621 and has 1945 SF 933 N 24th has 21 units and is assessed at $142,961 and is 6401 SF 943 N 24th has 7 units assessed at $53,545 and has 1824 SF 2424 Kilbourn has 13 units assessed value of $99,085 with 4394 SF total assessed value is $427,000+ on 1.30 acres The 21 unit has a lobby and an office and a commercial kitchen, tenants of all the buildings have the option to have 3 meals a day (2 on Sunday) if they pay a monthly fee. 2424 Kilbourne has cooking in 11 of the 13 units. 36 tenants take meals 28 tenants do not take meals typical rental rates are $440 with meals a month $360 without meals 64 units total with income of 217,606, through end of September. 95% Occupied Landlord helps agencies place their clients, they are typically all men, most of the agencies subsidies rent payments. Landlord has office in 933 N 24th and manages his business there, he has owned the properties for 40 years.