For sale· 4 days on market
2214 Hopkins St, Milwaukee, WI 53206
MLS# 1986003·Courtesy of RE/MAX United - Cedarburg
$319,000
Estimated $2,089/mo estimated
0 ba, 6,792 sq ft, 0.19 ac lot
- 0
- Bathrooms
- 6,792
- Sq ft
- 0.19 ac
- Lot size
- 1928
- Year built
- $47
- Per sq ft
- Commercial Sale
- Built 1928
About this home
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!
Facts & features
Interior
- Bathrooms
- 0 full
- Living area
- 6,792 sqft
Property
- Type
- Commercial Sale
- Year built
- 1928
- Lot size
- 0.19 acres
Financial
- Annual taxes
- $7,283
- Price / sqft
- $47
Estimate your monthly payment
$2,089/ month estimated
- Principal & interest$1,664
- Property tax$292
- Insurance$133
Illustrative estimate — not a lending offer.
Investor tools
See flip, rental and BRRR numbers for this home.
Location
Milwaukee, WI
Call, text, or send a message. I'll answer myself, same day, in English or Spanish.
Pedro Rivera
My agent · 414.712.6275
Metro MLS
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