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Multi-Family Portfolio For Sale
Milwaukee | WI | 53204 Bieckmanagement.com
4446 N. 28th Street
4505 N. 29th Street
2801 W. Atkinson Avenue
Office: 414.961.7400 | Fax: 414.961.7411 | 4080 N. Port Washington Road | Milwaukee WI. 53212
Adam Bieck
414-961-7400
Ken Bieck
414-961-7400
414.961.7400
B M I
Bieck Management, Inc.
4080 N. Port Washington Road
Milwaukee, WI 53212
PROPERTY DATA Property Addresses 4446 N. 28th Street, 2801 W. Atkinson Avenue, 4505 N. 29th Street
Location: All three properties within 1 city block of each other.
Parking: 1 two car garage at 4505 N. 29th Street
Basement: Huge storage areas in all three properties. Laundry facilities in all three properties.
Utilities: Tenants pay Electric. Landlord pays Gas and Water/Sewer
Appliances: All units have range and refrigerator
Unit Description: 48 Total Units
- 3 studio apartments
- 9 one bedroom apartments
- 36 two bedroom apartments
Misc. Data: New water heaters in all three buildings, 1 newer boiler, security
camera systems, clean & updated common areas.
Price: $1,600,000 ($33,333/unit)
Office 414.961.7400
Fax 414.961.7411
Bieckmanagement.com
Multi-Family Portfolio For Sale Milwaukee, Wisconsin WWW.BIECKMANAGEMENT.COM
B M I
Bieck Management, Inc.
4080 N. Port Washington Road
Milwaukee, WI 53212
Office 414.961.7400
Fax 414.961.7411
Bieckmanagement.com
Multi-Family Portfolio For Sale Milwaukee, Wisconsin WWW.BIECKMANAGEMENT.COM
B M I
Bieck Management, Inc.
4080 N. Port Washington Road
Milwaukee, WI 53212
PROPERTY PRO FORMA
INCOME
Rents $117,600
Laundry $950
Estimated Vacancy (10%) ($11,760)
EFFECTIVE GROSS INCOME $106,790
Expenses (rounded)
Insurance $ 4,150
Management Fee (5%) $ 5,340
Repair & Maintenance $ 10,000
Snow Removal $ 0
Rubbish Removal $ 1,600
Property Tax $ 7,344
Electric/Gas $ 11,000
Water/Sewer $ 5,700
Total Est. Operating Expenses: $ 45,134
NET OPERATING INCOME (NOI) $ 61,656
Office 414.961.7400
Fax 414.961.7411
Bieckmanagement.com
4446 N. 28th Street Milwaukee, Wisconsin WWW.BIECKMANAGEMENT.COM
B M I
Bieck Management, Inc.
4080 N. Port Washington Road
Milwaukee, WI 53212
PROPERTY PRO FORMA
INCOME
Rents $87,600
Laundry $550
Estimated Vacancy (10%) ($8760)
EFFECTIVE GROSS INCOME $79,390
Expenses (rounded)
Insurance $ 3,000
Management Fee (5%) $ 3,970
Repair & Maintenance $ 7,500
Snow Removal $ 0
Rubbish Removal $ 1,400
Property Tax $ 5,700
Electric/Gas $ 9,300
Water/Sewer $ 3,200
Total Est. Operating Expenses: $ 34,070
NET OPERATING INCOME (NOI) $ 45,320
Office 414.961.7400
Fax 414.961.7411
Bieckmanagement.com
2801 W. Atkinson Milwaukee, Wisconsin WWW.BIECKMANAGEMENT.COM
B M I
Bieck Management, Inc.
4080 N. Port Washington Road
Milwaukee, WI 53212
PROPERTY PRO FORMA
INCOME
Rents $127,020
Laundry $500
Estimated Vacancy (10%) ($12,702)
EFFECTIVE GROSS INCOME $114,818
Expenses (rounded)
Insurance $ 4,100
Management Fee (5%) $ 5,740
Repair & Maintenance $ 10,000
Snow Removal $ 0
Rubbish Removal $ 1,400
Property Tax $ 8,480
Electric/Gas $ 11,000
Water/Sewer $ 5,700
Total Est. Operating Expenses: $ 46,420
NET OPERATING INCOME (NOI) $ 68,398
Office 414.961.7400
Fax 414.961.7411
Bieckmanagement.com
4505 N. 29th Street Milwaukee, Wisconsin WWW.BIECKMANAGEMENT.COM
B M I