Ken Edwards - Coldwell Banker Home Sale Realty
809 W Burnham St
Milwaukee, WI 53204

Description

This beautiful classic brick building built as Polonia Hall in 1915 contains a daycare facility and two beautiful apartments. Great cash flow, commercial tenant pays $5500 minus $250 heat credit, five year lease- year four $6250 less credit, year 5 $7000 less credit. Apartments rented at $750 and $895. Commercial kitchen in daycare facility. Commercial appraisal completed August 2, 2018. Close to several loft projects on Mitchell, great highway access.Seller financing possible.Easy to manage building with 12% CAP Rate that goes up with the lease. Please do not contact commercial tenant.

Details

MLS#1611507
Sub-TypeResale
StatusActive
Year1915
Days On Site24

Features

SQ Feet7,978
Story(s)3
ZoningRT4

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Area Information

StateWI
CountyMilwaukee
CityMilwaukee
Zip Code53204
AreaMilwaukee
Listing VS Median (in 53204)
Price:
$500,000
low | high
Med:
$99,000
100% of Average
SqFt:
7,978
low | high
Med:
4,560
92.842817748809% of Average
$ / SqFt:
$63
low | high
Med:
$22
100% of Average
On Site:
24
low | high
Med:
117
20.512820512821% of Average
Listing Updated: 11/15/2018
MLS Number: 1611507
Listing Provided By:
Michael P Argeropoulos  of  Riverwest Realty Milwaukee

Information is supplied by seller and other third parties and has not been verified.
-IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
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