$640,000 / 6br - 8-Unit Mixed-Use Property w/ Value-Add Potential | 9% Cap | Seller Fin (Enderis Park)

🏢 Mixed-Use Investment Opportunity — Cash Flow + Value-Add | Burleigh Corridor, Milwaukee

📍 Address: 7139–7143 W Burleigh St, Milwaukee, WI 53210
💰 Offered at: $640,000 | 8.7% Cap Rate | Seller Financing Available

🏠 Property Overview

• 8 Total Units: 6 Residential + 2 Commercial
• Year Built: 1929
• Zoning: Commercial / Business Park
• Lot Size: 6,780 sq. ft. | Building Area: 1,800 sq. ft.
• Parking: 5 Garage Spaces
• Current NOI: ≈ $55,784 annually
• Cap Rate: 8.7% (as-is) | Cash-on-Cash Return: 9.4%

🌟 Investment Highlights (As-Is)

• 8.7% Cap Rate and 9.4% Cash-on-Cash Return — immediate strong yield from day one.
• Long-term commercial tenants with 5-year leases ensure stable, reliable income.
• Fully occupied property: six residential units and two commercial spaces generating steady cash flow.
• Low operating expenses: just 34.5% of gross income, efficient management and healthy margins.
• Favorable financing metrics: approximately $130K cash to close and $1K/month positive cash flow with standard terms.
• Prime Milwaukee location: positioned along the busy Burleigh Corridor near Wauwatosa and Uptown Crossing — excellent visibility and accessibility.
• Well-maintained asset: built in 1929, low maintenance needs, and clean financials.
• Appreciating submarket: 3% annual appreciation and 2% rent growth projected based on conservative modeling.

💡 Value-Add Potential

This property offers two clear and profitable upside opportunities:

1. Add Two 1-Bedroom Residential Units
   Projected Rent: $850/unit × 2 = $1,700/month ($20,400/year)
2. Monetize Four Garages
   Garage Rent: $100/space × 4 = $400/month ($4,800/year)

Total Additional Income: $25,200/year
New Projected NOI: $55,784 + $25,200 = $80,984/year
Revised Market Value (at 9% Cap): $80,984 ÷ 0.09 = ≈ $899,822
🎯 Projected Value Increase: ≈ +$260,000 in upside potential