December 16, 2022 – Arthur Fedotov of Horvath & Tremblay has successfully completed the sale of eight (8) multi-family units in Milwaukee, Wisconsin. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $950,000.
The multi-family investment property is located at 7925 W Oklahoma Avenue in Milwaukee, Wisconsin. The two-story brick apartment building was constructed in 1964 and contains eight (8) 2-Bedroom/1-Bathrrom multi-family units with 6,400 square feet of living area in 6,512 square feet of total gross area on a 0.44-acre corner parcel. The building has a full basement, an on-site laundry facility and fourteen (14) on-site parking spaces. The building has well-maintained grounds with private green space, as well as a shared porch and balcony for the residents. Each unit is separately metered for electricity, heat, and hot water, which the Tenants pay directly. The property is well located along a tree-lined residential street in the southwest portion of Milwaukee. The area features densely populated residential neighborhoods with pockets of commercial development providing convenience for the residents. The Property is 0.2-miles from the signalized intersection of W Oklahoma Avenue and S 76th Street which features a Save A Lot, CVS, McDonald’s and Burger King, 1.4-miles from Interstate 41, and 1.9-miles from S 108th Street, the area’s primary commercial corridor. The Property is centrally located with convenient access (less than 4 miles) to Interstates 94 and 43 and is only 7.5-miles from Milwaukee’s central business district.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.