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1816 E Kane Pl 10 Unit Apartment Building $3,166,019 CAD ($316,602 CAD/Unit) 6.10% Cap Rate Milwaukee, WI 53202



Executive Summary
Classic brick 10 unit building between Prospect Ave and Lake Michigan on the lower east side of Milwaukee. One of the most sought after locations in the City, the building's mix consists of (8) 4BR and 1 full bathroom plus 2 half baths, and (2) 1BR/1BA apartments. The remodeled 4BR units feature new LVP flooring, large living room, washer & dryer In-Unit, updated kitchen with quartz countertops, stainless steel appliances including dishwasher! Some units have lake views. Building features on-site coin laundry, indoor bicycle parking, and a locked lobby. Take a short walk to Collectivo on the lakefront, the McKinley Marina, Bradford Beach, and public tennis courts! You are also walking distance to Whole Foods, the Oak Leaf Trail, Brady St, and North Ave. Contact Dan Mickelsen with questions at 808-457-8433.
Property Facts
| Price | $3,166,019 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $316,602 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 6.10% | Building Size | 15,990 SF |
| No. Units | 10 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1903 |
| Zoning | RM7 | ||
| Price | $3,166,019 CAD |
| Price Per Unit | $316,602 CAD |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 15,990 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1903 |
| Zoning | RM7 |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 355-1441-100-8 | Improvements Assessment | $2,559,795 CAD |
| Land Assessment | $40,883 CAD | Total Assessment | $2,600,678 CAD |
Property Taxes
Parcel Number
355-1441-100-8
Land Assessment
$40,883 CAD
Improvements Assessment
$2,559,795 CAD
Total Assessment
$2,600,678 CAD
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1816 E Kane Pl
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