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$875,000
Est. payment /mo
7 Beds
2 Baths
5,274 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,274 sqft
Price per Sqft $165
MLS Listing ID 1986129
Style Other
Bedrooms 7
Full Baths 2
Year Built 1920
Annual Tax Amount $4,626
Tax Year 2025
Lot Size 10,890 Sqft
Acres 0.25
Property Sub-Type Other
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
Heating Natural Gas
Cooling Hot Water/Steam
Inclusions 3 stoves, 3 refrigerators
Equipment Seller Owned: Dryer, Seller Owned: Washer
Exterior
Exterior Feature Vinyl, Wood
Building
Story 1 - 2
Sewer Municipal Sewer, Municipal Water
New Construction N
Schools
Middle Schools North
High Schools Menomonee Falls
School District Menomonee Falls
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Listed by Encore Real Estate Brokerage
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