Fully renovated Bay View 5-unit now offered at $1,125,000, providing an approximately 6.2% in-place cap with additional rent upside. The property features four renovated long-term apartments plus one furnished 2-bedroom unit currently operating as a successful Airbnb, offering flexibility for short-term, mid-term, or traditional long-term rental strategies. Current long term rents reach $1,850/month, with recent comparables supporting additional rental upside. Tenants pay gas and electric, with all units separately metered. Recent improvements include a new roof (2017), exhaust vents (2023), modernized interiors, updated kitchens, stainless steel appliances, and contemporary finishes throughout. Off-street parking and onsite laundry. Conveniently located near Kinnickinnic Avenue, South Shore Park, downtown Milwaukee, restaurants, shopping, and Lake Michigan.

Listing courtesy of Max Fiascone of Apartment Cash Flow, Inc.



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Last checked: 2026-09-18 01:18 PM UTC