$320,000 4-Unit Mixed-Use Property | 9% Cap | Cash Flow + Seller Financing | Ne (Near West Side Milwaukee)

🏢 Turnkey Mixed-Use Investment | Cash Flow + Value-Add | 958–960 N 27th St Milwaukee 53208

💰 Asking Price: $320,000 | 8.7% Cap Rate | Seller Financing Available

🔑 Asset Type: Mixed-Use (Residential + Commercial)
Units: 4 Total – 3 Residential / 1 Commercial
Location: N 27th Street Corridor, Near Downtown Milwaukee

🏠 Property Overview

• Three (3) Residential Units: Two 2-Bedroom Apartments + One Studio
• One (1) Commercial Space: Long-term retail tenant on 5-year lease
• Total Gross Rent: $3,674/month ($44,088/year)
• NOI: $27,527/year | Cash Flow: $495/month
• Lot Size: 1,284 sq. ft. | Year Built: 1902
• Classic Milwaukee mixed-use brick storefront with upper residential units.

🌟 Investment Highlights (As-Is)

• 8.7% Cap Rate and 9.1% Cash-on-Cash Return — strong yield at acquisition.
• Fully occupied with a reliable tenant mix — 100% stabilized income from day one.
• Commercial tenant on a 5-year lease ensures steady base income with low vacancy risk.
• Residential tenants are month-to-month — allowing flexible rent optimization.
• Low operating expenses: only 34% expense ratio with modest taxes and maintenance costs.
• Strong debt coverage: 1.28 DCR and 11% debt yield — financeable and resilient to rate shifts.
• Desirable location: close to Marquette University, Medical District, and downtown employers.

💡 Value-Add Potential

• Below-market residential rents: Current 2BRs at $975–$999; local market supports $1,100–$1,200 with light updates.
• Studio unit renting at $700 could be repositioned to $850–$900 with cosmetic upgrades.
• Commercial lease renewal opportunity: Implement annual escalations or percentage rent at renewal.
• Projected rent lift: $350–$500/month additional income = $4,200–$6,000 annually.
• Pro forma NOI: $27,527 + $5,000 = ~$32,500.
• Revised Value at 9% Cap: $32,500 ÷ 0.09 = $361,000 — immediate upside of roughly $43,000+.
• Long-term appreciation: Modeled at 3% annually, projected value ~$400K+ in 10 years.

📈 Financial Snapshot

• Purchase Price: $318,000
• Down Payment: $63,600
• Total Cash Needed: $65,250
• Loan Terms: 80% LTV | 7% | 25-Year Amortization
• Annual Debt Service: $21,577
• Net Cash Flow: $5,950/year

📍 Location & Market Drivers

Situated on Milwaukee’s active N 27th Street Corridor, this property is within walking distance of Marquette University, State Street retail, and major medical employers. The corridor is experiencing steady redevelopment and strong tenant demand, supporting both residential and retail rents. Proximity to downtown, easy access to I-94, and high walkability make this a high-demand micro-market for long-term investors.

💰 Seller Terms

Seller Financing Available: Owner will consider carrying a portion of the down payment to help investors optimize leverage and improve cash-on-cash returns.

📋 Summary

958–960 N 27th St is a high-yield, low-barrier mixed-use asset with consistent income, long-term commercial stability, and clear upside through rent growth. With under-market residential rents and built-in appreciation, this property fits perfectly for investors seeking a cash-flowing Milwaukee hold with equity growth potential.

📞 Contact

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