$570,000

1606 S 88th St

West Allis WI, 53214

Description

Unique opportunity to transform these vintage buildings located in the heart of West Allis into your vision. Current rents are very low, some tenants have been there 20+ years. Large floor plans and vintage pressed tin in hallways. Ten two-bedroom units in 1606 and four one-bedroom units in 1612. Room in the attic to carve out another huge space in 1606. Mix of forced-air furnaces and wall heaters. Poured concrete foundation. Units #3 and #7 have been rehabbed recently. Ample offstreet parking. See attached rent roll. Seller prefers to sell as package with 1612 S 88th. Combined properties assessed at $654,400. Average 2 bedroom rents are above $950 in West Allis. Operating expenses are estimated, no guarantees to accuracy.

Details

MLS#1704217
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1919
Days On Site77

Features

Units14
Building(s)1

Market Activity 53214

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Area Information
StateWI
CountyMilwaukee
CityWest Allis
Zip Code53214
AreaMilwaukee
Listing VS Median (in 53214)
Price:
$570,000
low | high
Med:
$169,000
100% of Average
On Site:
77
low | high
Med:
44
100% of Average
Listing Updated: 10/28/2020
Michael P Argeropoulos LogoMLS Number: 1704217
Listing Provided By:
Michael P Argeropoulos  of  Riverwest Realty Milwaukee
Listing data provided by Metro MLS. Copyright 2020, Multiple Listing Service, Inc. 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 may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing