$640,000 8-Unit Mixed-Use | Cash-Flow + Seller carry Option | Milwuakee (Near West Side Milwaukee)

🏢 Mixed-Use Investment Opportunity | 8-Unit Property | 962-966 N 27th St Milwaukee 53208

💰 Asking Price: Contact for details | Seller Financing Available

🔑 Asset Type: Mixed-Use (Residential + Commercial)
Units: 8 Total – 6 Residential / 2 Commercial
Location: North 27th Street Commercial Corridor near Marquette & Downtown Milwaukee

🏠 Property Overview

• Six (6) Two-Bedroom Residential Units — All month-to-month tenants providing flexibility for rent increases or unit updates.
• Two (2) Street-Level Commercial Spaces — Both long-term business tenants on 5-year leases with renewal options.
• Classic Milwaukee mixed-use brick architecture with strong street visibility and neighborhood presence.
• Private rear access and off-street parking options for tenants and customers.

🌟 Investment Highlights (As-Is)

• Fully occupied with a stable, diverse tenant mix providing reliable cash flow.
• Commercial tenants on 5-year leases offer long-term stability and consistent income.
• Residential tenants on month-to-month terms allow for flexible rent adjustments and repositioning.
• Healthy operating performance: low expense ratio and strong historical rent collections.
• Cap Rate: Approximately 8–9% as-is, competitive for the Milwaukee market.
• Cash-on-Cash Return: around 9–10% based on standard 80% LTV financing and 7% rate.
• Strategic location: between Marquette University, the Medical District, and Downtown Milwaukee — ensuring constant residential and commercial demand.
• Seller Financing: Owner willing to finance a portion of the down payment for qualified buyers.

💡 Value-Add Potential

• Under-Market Residential Rents: Current two-bedroom units have room for rent growth as leases turn over and light updates are completed.
• Commercial Upside: Long-term tenants provide stability, but renewal terms could include stepped rent increases to further boost NOI.
• Parking Income: Opportunity to charge for reserved parking , adding a new revenue stream.
• Projected NOI Growth: A 10–15% rent lift across residential units could add $12,000–$18,000 annually in income.
• Revised Market Value (at 9% Cap): That additional income could increase the property’s value by approximately $135,000–$200,000+.
• Minimal CapEx: Building is structurally sound with no major rehab needs, allowing investor capital to go directly toward strategic improvements and rent repositioning.

📈 Financial Snapshot (Modeled Performance)

• Occupancy: 100%
• Cap Rate: ~8–9% (as-is)
• Projected Cap Rate (after rent adjustments): 9.5–10%+
• NOI: Estimated $55K–$60K annually with current rent structure.
• Cash Flow: Positive from day one, with additional upside through management efficiency and rent increases.

📍 Location & Market Drivers

Located on Milwaukee’s revitalizing North 27th Street Corridor, this mixed-use property sits at the intersection of convenience, accessibility, and growth. Close to Marquette University, major medical employers, and downtown, it attracts both long-term residents and small business tenants seeking affordable, high-visibility space. Ongoing city redevelopment initiatives and infrastructure upgrades in this corridor further enhance property appreciation potential.

💰 Seller Terms

Seller Financing Available: The seller will consider carrying a portion of the down payment for qualified buyers, providing flexible acquisition terms and helping investors preserve capital for improvements.

📋 Summary

962–966 N 27th St is a rare opportunity to acquire a stable, cash-flowing mixed-use property in one of Milwaukee’s most promising urban corridors. With six residential units, two long-term commercial tenants, and clear value-add potential, this asset delivers both immediate income and scalable long-term upside.

📞 Contact

Power Move Properties
Phone: show contact info
Professional investors welcome | Seller financing considered