N91W16356 Pershing Ave, Menomonee Falls, WI 53051
N91W16356 Pershing Ave, Menomonee Falls, WI 53051
N91W16356 Pershing Ave, Menomonee Falls, WI 53051
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Forward Realty Partners

Forward Realty Partners

+1(262) 684-1411
Listed by John Dyke Encore Real Estate Brokerage
$850,000
Est. payment /mo
5,274 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,274 sqft

Price per Sqft $161

MLS Listing ID 1986129

Year Built 1920

Acres 0.25

Property Sub-Type Multi-Family

Property Description

Rare Opportunity in heart of Menomonee Falls, WI. RESTAURANT BUSINESS IS REMAINING AND NOT PART OF THE SALE. Mixed use building in downtown Menomonee Falls, WI. Anchor tenant is Restaurant / Bar that has been in business 60 + years. Four apartments (3 bedroom / 2 Bedroom / 1 Bedroom / Studio) and Garage with office combine for multiple income streams. Three of the four apartments have been remodeled in the last 5 years. Apartments rent within DAYS. Within 100 yards of two large high end apartment complexes and multiple retail centers. PRICED TO SELL AT TODAY'S 8.6 CAP RATE with strong potential upside. Short term rentals a possibility due to historic nature of building and zoning and location. Strong Cash flow with significant upside.

Location

State WI

County Waukesha

Zoning PDD

Rooms

Basement Partial

Interior

Inclusions 3 stoves, 3 refrigerators

Exterior

Parking Features Outdoor Space

Building

Sewer Municipal Sewer

Water Municipal Water

Structure Type Vinyl,Wood

Schools

Middle Schools North

High Schools Menomonee Falls

School District Menomonee Falls

Others

Tax ID MNFV0012018002

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Forward Realty Partners

Forward Realty Partners

+1(262) 684-1411

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