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Listed by John Dyke Encore Real Estate Brokerage
$ 850,000
Est. payment | /mo
5,274 SqFt
$ 850,000
Est. payment | /mo
5,274 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,274 sqft
Price per Sqft $161
MLS Listing ID 1986129
Year Built 1920
Acres 0.25
Property Sub-Type Multi-Family
Property Description
Rare Opportunity in heart of Menomonee Falls, WI. RESTAURANT BUSINESS IS REMAINING AND NOT PART OF THE SALE. Mixed use building in downtown Menomonee Falls, WI. Anchor tenant is Restaurant / Bar that has been in business 60 + years. Four apartments (3 bedroom / 2 Bedroom / 1 Bedroom / Studio) and Garage with office combine for multiple income streams. Three of the four apartments have been remodeled in the last 5 years. Apartments rent within DAYS. Within 100 yards of two large high end apartment complexes and multiple retail centers. PRICED TO SELL AT TODAY'S 8.6 CAP RATE with strong potential upside. Short term rentals a possibility due to historic nature of building and zoning and location. Strong Cash flow with significant upside.
Location
State WI
County Waukesha
Zoning PDD
Rooms
Basement Partial
Interior
Inclusions 3 stoves, 3 refrigerators
Exterior
Parking Features Outdoor Space
Building
Sewer Municipal Sewer
Water Municipal Water
Structure Type Vinyl,Wood
Schools
Middle Schools North
High Schools Menomonee Falls
School District Menomonee Falls
Others
Tax ID MNFV0012018002
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