Well maintained 4-unit. Charming vintage kitchens & bathrooms + original hardwood floors await
3137 Milwaukee St
4 unit apartment building / all 2 bedrooms, 1 bath
385,000
With charming, mid century kitchens and bathrooms (each slightly different from the next), hardwood floors throughout and spacious, well planned units, it’s no wonder why this building has been occupied by multiple owners.
This well maintained brick 4-unit is within walking distance to The Malt House, Union Corners & the bustling Atwood Avenue. Just off the bike path, commuting is a breeze.
Perfect for owner occupants, seasoned investors or the investor just starting out, this building is in great shape and is currently under rented. The Gross Rent Multiplier, when rented at market rents would be 8.44- 8.91 (and this does NOT include income from coin op laundry!) Market rents estimated at $900 or $950 per unit for an annual rental income of $43,200 or $45,600, respectively (NOT including the coin laundry income). Current rents are $35,640 annually (again, NO laundry income included).
There are 8 off street parking spaces in back, and each unit has a separate electric meter.
The roof was installed in 2006, water heater around 2011 & boiler around 2004.
