5501 W Morgan Ave, Milwaukee, WI 53220
4 Units
$462,500
Sold

5501 W Morgan Ave, Milwaukee, WI 53220

$462,500

$462,500

Features

  • Multi-Family
  • Status: Sold
  • Total Number of Units: 4
  • Unit Type 1 # of Units: 2
  • Unit Type 1 Avg Rent: $800
  • Unit Type 2 # of Units: 2
  • Unit Type 2 Avg Rent: $800
  • Inside Parking: 3
  • Outside Parking: 3
  • Est. Year Built: 1960
  • School District: Milwaukee
  • County: Milwaukee
  • Postal Municipality: Milwaukee
  • MLS#: 1811916
  • Listing Company: Shorewest - South Metro
  • Listing Agent: Justin W Ippoliti
  • Zip Code: 53220

Property Description

5501 W Morgan Ave, Milwaukee, WI 53220 - Long time owner selling adjacent brick 4 unit buildings. All 2 bedroom/1 bath units, fully occupied with many 10 plus year long term tenants. Gross income for each building is $3000/month with very possible room for increase. Separate mechanicals for each unit (newer furnaces, central air units, water heaters, and electrical panels-2021). Full basement with laundry, storage lockers, sump pump, and egress window. Vinyl windows, dimensional roofs, 9 total outdoor parking spaces, 3 car detached garage (currently used for storage) plus patio areas. Rare opportunity to control 8 units in prime southside corridor. Call today!

  • Additional features

    Basement

    • Block, Full

    Interior Features

    • Heating/Cooling: Forced Air, Natural Gas
    • Water Waste: Municipal Sewer, Municipal Water

    Building and Construction

    • Apartment Building

    Land Features

    • Waterfront/Access: N
  • Property History
    MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
    1811916 Sold ActiveWO Nov 1 2022 12:00AM $462,500 4
    1811916 Sold ActiveWO Nov 1 2022 12:00AM $462,500 4
    1811916 ActiveWO Active Sep 25 2022 6:02PM 4
  • Schools
  • Demographics
  • Market Conditions
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Buyer understands that the information which is contained on Data pages is obtained from a number of different sources and which has not been independently verified or confirmed by the various real estate brokers and agents who have been and are involved in this transaction. If any particular measurement or data element is important or material to buyer, Buyer assumes all responsibility and liability to research, verify and confirm said data element and measurement. REALTOR *MLS* Equal Housing Opportunity

Home Valuation Report