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Listed by William Backes Compass RE WI-Tosa
$ 600,000
Est. payment /mo
New
8712-8714 W Mitchell 8714A St West Allis, WI 53214
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1977935
Year Built 1897
Acres 0.45
Property Sub-Type Multi-Family
Property Description
One package, two buildings, six units in the heart of West Allis: a 4-family plus a duplex, fully occupied with $67,080 in scheduled annual rents and leases in place into 2027. Rents average just $932/unit with clear room to grow at each renewal. 2025 operating statements reflect a ~$25K one-time exterior renovation of the duplex - that reinvestment is done and the buildings show it. Steady tenant base, professional management in place, and the adjacent 22-space parking lot is separately available for buyers who want to control the whole corner. Six doors at under $100K each with documented income. Financials, rent roll, and leases on file. Do not disturb tenants; showings by appointment.
Location
State WI
County Milwaukee
Zoning RES
Direction From I-94, exit S 84th St and head south to W Mitchell St; west to the 8700 block. Two buildings on one parcel: 8712-8714 and 8714A (4-family) directly behind/adjacent.
Rooms
Basement Laundry Facilities, Full
Interior
Inclusions 6 Refrigerators, 6 Ranges, Laundry Equipment
Exterior
Parking Features Near Public Transit, Outdoor Space
Exclusions Tenant's Personal Property
Building
Sewer Municipal Sewer
Water Municipal Water
Structure Type Aluminum Siding,Vinyl,Wood
Schools
School District West Allis-West Milwaukee
Others
Tax ID 4510354002
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