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1315 N. Cass Street
Milwaukee, WI 53202-6801
Asking Price
$2.98M
Cap Rate
6.4%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Top Location in Downtown Milwaukee - 36-Units; Just over $82k a door <ul><li>Highly Desirable, Lower East Side Location</li><li>Fully Stabilized</li><li>Walking Distance to Downtown, Local Restaurants/Bars, and the Lakefront</li><li>Low Maintenance Exterior (Brick)</li><li>TPO Membrane for the West Section (Tear-off in 2020 for $18,500)</li><li>Upgraded Electric Service</li></ul>
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NOI
$80,000
Cap Rate
2.69%
DSCR
0.45
Underwater
Cash-on-Cash
-10.83%
Monthly Payment
$14,718.677
Annual Cash Flow
$-96,624.121
