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Rooming House Portfolio 2 Properties Offered at $1,050,000 in Milwaukee, WI
Investment Highlights
- Onsite manager at each building
- Priced below current tax-assessment
- Ability to increase revenue by 15% (or $45,800)
- Currently 93% occupied (3 vacant units)
Executive Summary
Kiser Group is pleased to present the opportunity to acquire a four-building, 44-room and 1commercial unit portfolio on Milwaukee's south side, priced at $1,050,000 ($23.3K/room). The portfolio is offered at an 11.08% cap rate on current performance, with the ability to increase top-line revenue by 15%, or approximately $45,800, based on proven in-place rents. Each building has an onsite manager and the offering is also priced below its current tax assessment, reducing the risk of a property tax increase upon purchase.
Property Facts
| Price | $1,050,000 | Number of Properties | 4 |
| Price / SF | $140.56 / SF | Individually For Sale | 0 |
| Cap Rate | 11.08% | Total Building Size | 7,470 SF |
| Sale Type | Investment | Total Land Area | 0.22 AC |
| Status | Active |
| Price | $1,050,000 |
| Price / SF | $140.56 / SF |
| Cap Rate | 11.08% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 7,470 SF |
| Total Land Area | 0.22 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 837 S 19th St, Milwaukee, WI 53204 | Multifamily | 2,970 SF | 1897 | - |
| 2338 W Forest Home Ave, Milwaukee, WI 53215 | Retail | 4,500 SF | 1875 | - |
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Rooming House Portfolio