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Listed by Katrina Hanson • Hanson & Co. Real Estate
$ 580,000
Est. payment | /mo
0.3 Acres Lot
$ 580,000
Est. payment | /mo
0.3 Acres Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1984975
Year Built 1973
Annual Tax Amount $10,318
Tax Year 2025
Lot Size 0.300 Acres
Acres 0.3
Property Description
$580,000. Unique turn-key opportunity for the savvy investor to own this 5-unit multi-family property in Granville Station. Stable positive cash flow with four 2BDRM/1BA units & one 3BDRM/1.5BA Townhouse unit--ideal for an owner-occupant! MTM leases add flexibility for new ownership. Updated appliances included in each unit & coin-operated common laundry in basement. 10 space parking lot for tenant convenience add to lease appeal. $5,475 in monthly leases & low maintenance requirements yields $2,908 of positive monthly cash flow with room to grow. Recent building updates include: New Furnace, 2 New Water Heaters, Exterior Smart Lighting & Smart Heat Tape, Security Cameras & Master Lock System. Recent unit updates include: LVP Floors, Paint, Light Fixtures & bathroom updates.
Location
State WI
County Milwaukee
Zoning RM1: Multi Fam
Rooms
Basement Block, Full, Laundry Facilities
Interior
Heating Forced Air, Indiv. Heating Units, Natural Gas, Other, Wall/Sleeve Air
Cooling Forced Air, Indiv. Heating Units, Natural Gas, Other, Wall/Sleeve Air
Flooring Unknown
Exterior
Exterior Feature Aluminum Siding, Brick, Low Maintenance Trim
Parking Features Near Public Transit, Outdoor Space
Building
Water Municipal Sewer, Municipal Water
Schools
School District Milwaukee
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