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10500 W Fond Du Lac Ave,  Milwaukee,  WI  53224 $996,000 Sold
10500 W Fond Du Lac Ave,  Milwaukee,  WI  53224
$996,000
Sold
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 Property Type Multi Family
 Parcel # 1150005211
 County Milwaukee
 Sub Area Y01
 Municipality Milwaukee
 MLS# 1946202
 Listing Date 10/28/2022
 Sold Price $950,000
 Close Date 03/10/2023 12:00 AM

MLS Public Remarks  Turn key 12 unit apartment complex that has been well maintained. All units are 2 bed, 1 bath. 9 of 12 units are month to month. Market rent potential of $925 + per unit. Great investment opportunity.
Documents and Related Links  
1) Rent Roll
2) P & L
3) Condition Report
4) Add S
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Milwaukee
  • C/T/V  City
  • Unit #  
  • Directions  X
    • BUILDING INFO  
  • Number of Units  12
  • Year Built  1976
  • # Furnaces  12
  • Heating Type  Rad Elec
  • Heating Fuel  Nat Gas
  • # Water Heaters  12
  • # Water Softeners  0
  • # Stoves  12
  • # Refrigerators  12
  • # Dish Washers  0
  • # Washers  0
  • # Dryers  0
  • # Units w/AC  0
    • TOTAL UNITS BY TYPE  
  • Number of Efficiencies  0
  • Number of 1 Bedrooms  0
  • Number of 2 Bedrooms  12
  • Number of 3+ Bedrooms  0
    • ANNUAL INCOME/EXPENSES  
  • Total Income  0
  • Total Expenses  52840
  • Net Operating Inc  56160
  • Year  2021
    • ASSESSMENT/SCHOOLS   
  • School District  Milwaukee
  • High School  Call School District
  • Middle  Call School District
  • Elementary  Call School District
  • Land Assessment  $47,300
  • Improvements  $692,200
  • Total Assessment  $739,500
  • Net Taxes  $15,811
  • Assessment Year  2021
  • Tax Year  2021
  • Owner  
    • LOT DESCRIPTION  
  • Zoning  RM1
  • Subdivision  
  • Name of Lake/River  
  • Est. Total Acres  0.78
  • Source for Est. Total Acres  PubR
    • UNIT INFORMATION  
  • Unit 1  Air conditioning, Balcony/patio, Eat-in kitchen, Family/Rec. room, Individual heat control, Range/oven, Refrigerator
  • Unit 2  Air conditioning, Balcony/patio, Eat-in kitchen, Family/Rec. room, Individual heat control, Range/oven, Refrigerator
  • Unit 3  
  • Unit 4  
    • Landlord Pays
    Unit Bedrooms Full Baths Half Baths Lease Expiration Date Month Rent Fin Sq.Ft Parking Elec Heat W/S
    1 2 1 0 MTM $825 1,000 1 Space No Yes Yes
    2 2 1 0 MTM $825 1,000 1 Space No Yes Yes
    3 0 0 0 - $0 0 - - - -
    4 0 0 0 - $0 0 - - - -
    Items Included 12 stoves, 12 refrigerators
    Items Excluded 
    INTERIOR FEATURES  
  • Energy Efficient/Green Features  
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Partially finished
    • EXTERIOR FEATURES  
  • Type   Apartment building
  • Parking per Unit  1 space
  • Barrier-free Features  
  • Exterior  Brick
  • Waterfront  
  • Terms  
    • OTHER FEATURES  
  • Utilities  Sep elec meters each unit
  • Legal Documents  Condition report on file, Income/Exp Report Avail, Lease(s) on file
  • Miscellaneous  Internet - Cable



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of The Hub Realty