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(414) 788-3537
Real Estate Company
2214 W Hopkins St Unit 2220, Milwaukee, WI 53206
- $319,000
- 6,792
- SqFt
Listing courtesy of RE/MAX United - Cedarburg.
- List Price
- $319,000
- MLS#
- 1986003
- Status
- ACTIVE
- Year Built
- 1928
- County
- Milwaukee
- Municipality
- Milwaukee
- TotalSqFt
- 6,792
- Acres
- 0.19
Property Description
Priced under assessment! Room for rental growth! 6 of 8 spaces are leased, and the street-level commercial tenant is locked in through July 2029, with annual rent increases. One studio remains to lease: at its $550 asking rent, scheduled gross climbs from $62,760 to $69,360 per year, for a projected 11.2 cap rate. Unit 2220-3 is sold as-is, so a buyer who finishes it adds another $8,340 a year in potential rent. The heavy lifting is done: new rubber roof with a transferable warranty and about $31,000 in recent improvements. Bus line at the door and 7,400 cars a day passing the storefront. A full offering memorandum with rent roll, lease summary and pro forma is available!
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Additional Information
- Total Taxes
- $7,283
- Basement
- Full, Block
- Exterior
- Brick
- Roofing
- Rubber
- Courtesy Of
- RE/MAX United - Cedarburg
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Source of listing data: Metro MLS. Copyright 2026 Multiple Listing Service, Inc. - All Rights Reserved. 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.