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Mitchell on Water 226 N Water St 13 Unit Apartment Building $10,804,120 CAD ($831,086 CAD/Unit) Milwaukee, WI 53202
Investment Highlights
- Large luxury residential units and rooftop amenities.
- Located in the thriving 3rd ward of Milwaukee.
- Long-term 1st floor retail user offering stable income.
- Secure underground parking with 21 spaces and EV charging stations for modern convenience.
Executive Summary
Introducing a prime investment opportunity in the heart of Milwaukee, Wisconsin. This prominent property, boasting a 39,450 SF building, features 12 meticulously designed residential units on floors 2 - 4 and a 7,000SF fully leased retail space on the 1st floor. A timeless structure built in 1914 and thoughtfully historically renovated in 2018. Zoned C9G and currently at full occupancy, this multifamily gem offers a compelling blend of historic charm and modern convenience. With its strategic location in the vibrant Milwaukee area, investors will appreciate the potential for long-term value and steady returns. Don't miss the chance to be part of this thriving market with a turnkey high-rise property offering a strong rental history and promising future prospects.
PROPERTY HIGHLIGHTS
Rooftop Terrace with pergola, seating area, grill, fire pit and dog area. 21 Underground Parking, with 2 electric charging stations. Each space $150/month
Modern kitchen designs with granite tops, spacious island, staggered raised panel cabinetry, crown molding, tile backsplash, stainless steel appliances
Uncovered cream city brick in living room with polished concrete floors, electric fireplace. Guest powder bath in each unit. Walk-in laundry room with full size washer/dryer and Wi-Fi thermostat
Spacious bedroom suites with exposed ceilings, large windows, unique walk-in closets, private baths with dual sinks, large walk-in tile show and standalone tub
PROPERTY HIGHLIGHTS
Rooftop Terrace with pergola, seating area, grill, fire pit and dog area. 21 Underground Parking, with 2 electric charging stations. Each space $150/month
Modern kitchen designs with granite tops, spacious island, staggered raised panel cabinetry, crown molding, tile backsplash, stainless steel appliances
Uncovered cream city brick in living room with polished concrete floors, electric fireplace. Guest powder bath in each unit. Walk-in laundry room with full size washer/dryer and Wi-Fi thermostat
Spacious bedroom suites with exposed ceilings, large windows, unique walk-in closets, private baths with dual sinks, large walk-in tile show and standalone tub
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Wheelchair Accessible (Rooms)
Site Amenities
- Controlled Access
- Security System
- Grill
- Wheelchair Accessible
- Gas Range
- Roof Terrace
- Car Charging Station
- Public Transportation
- Key Fob Entry
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 12 | $5,841 CAD | 1,845 - 2,305 |
1 1
Very walkable
80/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 392-0988-000-1 | Improvements Assessment | $9,415,477 CAD |
| Land Assessment | $426,728 CAD | Total Assessment | $9,842,205 CAD |
Property Taxes
Parcel Number
392-0988-000-1
Land Assessment
$426,728 CAD
Improvements Assessment
$9,415,477 CAD
Total Assessment
$9,842,205 CAD
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Mitchell on Water | 226 N Water St
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