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Listing Courtesy Of:

Listing Office: Encore Real Estate Brokerage

Listing Office Phone: (262) 366-2526

N91w16356 Pershing Ave Menomonee Falls, WI 53051

$850,000
Active / MLS# 1986129 / Multi Unit - Multiple / Menomonee Falls
0 Beds

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.

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Estimated Payment

$ 2,820.57 per month $2,187.15 Principal & Interest $385.50 Property Tax $247.92 Homeowner's Insurance
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Property Details

Property Type: Multi Unit - Multiple
Basement: Partial
Home Style: Other
Lot Size: 0.25 Acres
Taxes: $4,626
Year Built: 1920

Feature Descriptions

Data Source: Metro MLS
Exterior: Vinyl, Wood
Flood Plain: No
Garage/Parking: Outdoor Space
Heating/Cooling: Hot Water/Steam, Natural Gas
Parking Spaces: 18.00
Unit 1 Type: 1 Bath,3 or More Bedrooms, Balcony/Patio, Living Room, Range/Oven, Refrigerator
Unit 2 Type: 1 Bath,2 Bedrooms, Eat-In Kitchen, Washer/Dryer
Unit 3 Type: 2 Bedrooms, Range/Oven, Refrigerator
Unit 4 Type: Studio/Efficiency
Units: 6
Water/Sewer: Municipal Sewer, Municipal Water
Zoning: PDD

Schools

High School: Menomonee Falls
Middle School: North
School District: Menomonee Falls

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Location

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