5-unit multifamily in the heart of Bay View. Five two-bedroom units with one operating as an in-place Airbnb. $1,175,000 | 5.93% in-place cap | 6.60% pro forma cap
Rents have room to move and the STR unit adds an income layer most buyers won't find in a standard multifamily deal. Roof replaced 2017, tenants pay electric and gas. Clean, stabilized asset in one of Milwaukee's most in-demand neighborhoods.
Prime Bay View Location
Located on a strong residential street in Bay View, one of Milwaukee's most desirable rental submarkets. The area continues to attract residents seeking walkability, neighborhood amenities, and proximity to downtown.
Fully Renovated Units With Premium Finishes
All units have been extensively renovated with modern finishes, updated kitchens, stainless steel appliances, and contemporary fixtures. This positions the property at the upper end of the local rental market and supports premium rents.
Flexible STR, MTR, or LTR
The lower level furnished unit is currently operated as an Airbnb. New ownership has flexibility with multiple revenue options, including short-term, mid-term, or traditional long-term leasing.
Rent Upside
Recent comparable rentals indicate additional upside remains within the long-term rental units as leases roll over.
