July 7, 2023 – John Preston and Kelsey Zurweller of Horvath & Tremblay have successfully completed the sale of two (2) multi-family units in Milwaukee, Wisconsin. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $368,000.
The multi-family investment property is located at 9031-9033 W Crawford Avenue in Milwaukee, Wisconsin. The Property is comprised of a two-story multi-family building constructed in 1958 and contains two (2) 3-Bedroom/1-Bathroom multi-family units with 1,884 square feet of living area in 1,884 square feet of total gross area on a 0.18-acre corner parcel. The Property has been meticulously maintained and features well-manicured grounds, and a detached two plus (2+) car garage and three (3) surface parking spaces. The building is fully equipped with central air conditioning, has a full basement, an on-site laundry facility and on-site storage. Each unit is separately metered for electricity and gas-fired heat and hot water, which the Tenants pay directly. The Landlord is responsible for common area electric and domestic water and sewer. The property is well located along a tree-lined residential street in the Morgan Heights neighborhood of Milwaukee. The area features densely populated residential neighborhoods with convenient access to local and area retailers and large shopping centers. The Property is also 1.4-miles from Interstates 41 & 43, and 1.3-miles from S 108th Street, the area’s primary commercial corridor. The Property is centrally located with convenient access (less than 5-miles) to Interstate 94 and is only 8.5-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.